Manhattan Accountant Indicted For Embezzling Over $500,000

By: KAKE News Email
By: KAKE News Email

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Wednesday, February 6, 2013

A Manhattan accountant has been charged in federal court with ten counts of mail fraud, accused of embezzling $536,179 from a client.

The U.S. Attorney's Office alleges that from 2005 to 2010, 63 year-old Larry D. Lord used his access to the bank accounts of Cheney Construction Incorporated in Manhattan, to take money from the company. Lord was responsible for paying company bills and issuing payroll checks to employees.

The indictment accuses Lord of writing checks on the company's account and using them to pay off personal credit card debts. If convicted, he faces a maximum penalty of 20 years in federal prison and a fine up to $250,000 on each count.

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