Man admits embezzling $450K from Boise-based company
BOISE, Idaho (KBOI) - A 37-year-old Arizona man has pleaded guilty in federal court for embezzling almost $450,000 from a Treasure Valley company.
Christopher L. Myers, 37, of Cave Creek, Arizona, entered the plea after he admitted to stealing almost $450,000 from ClickBank. Myers worked as comptroller for the company from April 2006 through November 2011.
ClickBank is a Boise-based Internet business that makes payments between retailers and consumers receiving payments from consumers for the purchase price of goods and services.
According to the plea agreement, beginning in August 2008, on 26 separate occasions Myers wired transferred funds from ClickBank's bank account to his personal bank accounts at a different bank.
Myers agreed to pay $606,989 in restitution to the company, which includes $449,643 that Myers admitted he fraudulently wire transferred.
The charge of wire fraud is punishable by up to 20 years in prison, a maximum fine of $250,000 or twice the gain or loss from the offense, and up to three years of supervised release.
Myers will be sentenced in January 2014.