Former Carrier accounting manager sentenced for diverting $1M to personal account
INDIANAPOLIS, Ind. (March 9, 2016) – A former accounting manager at Carrier was sentenced for his role in an insider embezzlement scheme.
Ryan King, 44, of Indianapolis, was sentenced to 12 months in federal prison by U. S. District Judge Sarah Evans Barker.
King was employed by Carrier as an accounting manager from June 2103 through April 2014. He was entrusted to oversee Carrier’s financial transactions including cost accounting, hourly payroll and preparation of financial statements among other duties.
In June 2013, King opened a personal checking account in the name of “Carrier Services.” He then instructed various vendors to make payments owed in the form of checks made out to Carrier Services. When King received the checks he diverted the money by depositing the checks into his personal account. In total, King diverted $1,095,201 to his personal account.
“White collar criminals steal through position and influence but are thieves just the same. Those who choose to commit this type of crime will be held accountable through the partnership of government and private industry to root out crime in whatever form,” said U.S. Attorney Josh Minkler.