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Man gets 33 months for embezzelment

By The Mercury

A Manhattan accountant has been sentenced to 33 months in federal prison for embezzling from a commercial construction company where he worked.

U.S. Attorney Barry Grissom announced the sentencing Monday afternoon against Larry D. Lord, who pleaded guilty in March to one count of mail fraud and one count of filing a false tax return. Lord was ordered to pay more than $640,000 in restitution.

Lord, who is 64, admitted the crimes occurred from 2005 to 2012 while he worked as an accountant for Cheney Construction Inc. in Manhattan.

Grissom said Lord used his position to embezzle funds from Cheney’s bank account to pay his personal expenses, including his and his wife’s personal credit cards. He said Lord wrote $535,179 in checks on Cheney’s bank account and mailed the checks to a credit card company. To conceal the crimes, he falsified the company’s check register log to make it appear the check was written to a legitimate payee. Grissom said Lord also failed to report the embezzled funds on his federal income tax, resulting in taxes owed for 2006 through 2011.









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