Related Federal Cases
Texas Man Sentenced to 30 Months in Prison for Embezzling Funds from Employer and Filing False Tax Return
Texas man Steven Marquez, 36, was sentenced to 30 months in prison for embezzling more than $700,000 from his employer, an Austin-based property management company.
According to court documents, beginning in April 2010 through October 2017, Marquez embezzled more than $700,000 from his employer, serving as head of its bank reconciliation team. To conceal the embezzlement, Marquez altered his employer’s corporate bank statement by deleting his transfers and making it appear as if the statements reconciled with company records.
Marquez was also ordered to serve three years of supervised release and to pay $188,493 in restitution to the United States and an additional $704,262 in restitution related to his embezzlement.
Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division made the announcement.
IRS-Criminal Investigation investigated the case.
Assistant Chief David Zisserson and Trial Attorney Kavitha Bondada of the Tax Division prosecuted the case.
Marquez, who is from Hutto, Texas, pleaded guilty to one count of wire fraud and one count of filing a false tax return. The charges stem from his embezzlement of funds from an Austin-based property management company while serving as head of its bank reconciliation team.
The case serves as a reminder of the importance of corporate accountability and the need for proper internal controls to prevent embezzlement.
In addition to his prison sentence, Marquez must pay a total of $892,755 in restitution to his former employer and the United States. The case highlights the importance of vigilance in preventing and detecting corporate theft.
Key Facts
- State: Texas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
White Collar CrimeWhite Collar CrimeWhite Collar CrimeWhite Collar Crime