|
Former Chief Financial Officer Sentenced to Eight Years in
Federal Prison for Multi-Million Dollar Embezzlement
ORLANDO, FL—U.S. Attorney A. Brian Albritton announces that U.S. District
Judge Patricia C. Fawsett today sentenced Gary Ernest Williams (age 59, of Lake County)
to eight years in federal prison for four counts of mail fraud and one count of income tax
evasion. The court also ordered Williams to forfeit homes in Pennsylvania and North
Carolina; a 2007 Lexus automobile; and cash payments that had been used to purchase
property in the Bahamas. All of these assets were traceable to proceeds of the offenses
of which he was convicted. The court further ordered Williams to pay more than 14 million
dollars in restitution to the United States and to his former employer, Marian Gardens Tree
Farm. Williams pleaded guilty on July 27, 2009.
According to court documents, Williams had worked for Marian Gardens Tree Farm
in Groveland, Florida, for approximately 20 years. In recent years, he had served as the
company’s Chief Financial Officer. Since 2000, Williams had used this position of trust to
embezzle 10.5 million dollars worth of funds from the company by falsifying checks, taking
out a business credit card in the company’s name, and making large cash withdrawals that
he told bank officials were to be used to pay “employee bonuses.” Instead, Williams had
deposited the stolen funds into his personal accounts and then had used them to fund a
lavish lifestyle of homes, luxury cars, jewelry, drugs, and elaborate vacations that had
included private jet transportation. In addition to stealing this money funds from his
employer, Williams further had failed to pay federal income taxes in the amount of
$3,675,000 on the illegally obtained funds.
This case was investigated by Internal Revenue Service (IRS), Criminal
Investigations, as well as the Federal Bureau of Investigation (FBI). It was prosecuted by
Assistant United States Attorney Robert E. Bodnar, Jr.
Press Releases | Jacksonville Home
|
