Man Sentenced for Embezzling $3.2 Million from Employer
February 13, 2020
ALEXANDRIA, Va. /Newsdialy/ – On January 31, 2020, a Maryland man was sentenced to 30 months in prison for embezzling over $3.2 million from his employer.
According to court documents, Reginald Zayas, 49, of Upper Marlboro, was the Controller at a Virginia-based company. Over the course of almost four years, Zayas embezzled over $3.2 million from the company by unlawfully transferring funds from the company’s bank account to his own bank account, and he then often transferred the money from his account to others. Zayas transferred over $300,000 to accounts controlled by his wife, his girlfriend, and the mother of one of his children.
Zayas used the laundered money to pay for his own personal expenses, including exorbitant credit card bills, car payments, dining expenses and entertainment, and private school tuition.
In addition to the prison sentence, Zayas was also ordered to pay full restitution and forfeiture.