A 63-year-old accountant from Manhattan faces embezzling charges for allegedly stealing $536,179 in company funds, federal prosecutors said Wednesday.
Larry D. Lord is charged with 10 counts of mail fraud, U.S. Attorney Barry Grissom said in a news release. An indictment filed in federal court alleges he wrote checks to pay his and his wife’s personal credit card debts using bank accounts owned by Cheney Construction Inc., a Manhattan-based construction company. He then mailed the checks, Grissom said.
Lord, an accountant, was responsible for paying the company’s bills and issuing paychecks to employees. The indictment alleges the thefts occurred between 2005 and 2012.
If convicted, Lord faces up to 20 years in federal prison and a maximum fine of $250,000 on each count, Grissom said.