Robert Kaiser, Embezzlement, Kentucky 2015

Robert Kaiser, 58, Pleads Guilty to Embezzling Over $800,000 from Employer

LOUISVILLE, Ky. – Robert Kaiser, 58, of Shepherdsville, Kentucky, has pleaded guilty to embezzling over $800,000 from his employer, C&M Services of Kentucky, Inc.

According to the U.S. Attorney’s office, Kaiser, who worked for C&M Services for over seven years, manipulated accounting entries to hide his theft, which occurred between June 6, 2006 and March 26, 2013.

The indictment included 12 counts, 11 of which were for wire fraud and one for bank fraud. Kaiser admitted to causing unauthorized transfers of monies to accounts he controlled and fraudulently transferring funds of C&M Services via credit card transfers and checks for unauthorized personal expenditures.

Kaiser also admitted to submitting materially false financial statements to Fifth Third Bank to obtain a revolving loan line of credit in the amount of $1,815,000. He made 11 interstate automated clearing house financial transfers from C&M Services bank accounts to his personal Wells Fargo Credit Card accounts.

Kaiser faces up to 20 years in prison for each of the 11 wire fraud counts and up to 30 years for the bank fraud count. He also faces a fine of $3,750,000 and three years of supervised release. Kaiser is scheduled for sentencing on January 7, 2016.

The case was prosecuted by Assistant U.S. Attorney Joshua Judd and investigated by the United States Secret Service, Louisville Field Office.

Robert Kaiser, a 58-year-old man from Shepherdsville, Kentucky, pleaded guilty to embezzling over $800,000 from his employer, C&M Services of Kentucky, Inc.

The indictment included 12 counts, 11 of which were for wire fraud and one for bank fraud. Kaiser faces up to 20 years in prison for each of the 11 wire fraud counts and up to 30 years for the bank fraud count.

MORE FEDERAL CRIME NEWS

White Collar Crime

Trout River Fish Co., Wire Fraud, Georgia 1995

Jan 15, 1995

White Collar Crime

Brown's Housing, Wire Fraud, South Carolina 1992

Jan 15, 1992

White Collar Crime

Kelly Verd Nichols, Mail Fraud, Bankruptcy Fraud, Money Laundering, Oklahoma 2016

Nov 24, 2015

White Collar Crime

Orejuela Aguino, Healthcare Fraud, Florida 2017

Jan 15, 2017