Central Texas man sentenced to prison after embezzling more than $700,000 from his employer, feds say

A Central Texas man used to be sentenced to prison for embezzling more than $700,000 from his employer, in accordance to federal government.

Steven Marquez, of Hutto, used to be sentenced to 30 months in prison on Tuesday and ordered to pay just about $900,000 in restitution, a news release from the U.S. Department of Justice states.

Authorities mentioned that between April 2010 and October 2017, Marquez embezzled more than $700,000 from an Austin-based assets control corporate, the place he labored as the pinnacle of the financial institution reconciliation staff.

Marquez attempted to cover the embezzlement by means of deleting his transfers and developing false financial institution statements.

He additionally filed a false tax go back in 2017 and didn’t document the embezzled price range, government mentioned.

In addition to his sentence, he used to be ordered to serve 3 years of supervised unencumber. He could have to pay $188,493 to the federal government and $704,262 to the corporate, the discharge provides.

The title of the Austin-based corporate used to be no longer integrated within the unencumber.

The IRS-Criminal Investigation Division investigated the case.