Former Comptroller of Interconn Resources Inc. Charged with Bank Fraud
November 3, 2011
Total Loss:
$1.2 Million
Federal prosecutors charged a Mountain Brook man on Tuesday with bank fraud in connection with about $1.2 million embezzled from a Birmingham-based natural gas supplier, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick J. Maley.
The U.S. Attorney’s Office charged WELLINGTON MONROE PHILLIPS II with bank fraud in a one-count information filed in U.S. District Court. A plea agreement with Phillips was filed today. In that agreement, Phillips acknowledges his guilt and agrees to a four-year prison sentence. He also agrees to pay the $1.2 million in restitution and forfeiture.
Source:
FBI
Posted in:
Check Fraud
ACH and Wire Fraud
Internal Fraud