Former CFO of company with Oklahoma offices pleads guilty to tax and bank fraud – FOX23 News

TULSA, Okla. — A former chief monetary officer for a company with Oklahoma offices pleaded guilty after failing to pay the IRS $3.6 million in revenue and social safety tax withholdings and embezzling greater than $130,000 from employer’s bank account.

Paul B. Bowker fled the U.S. three years in the past after being charged with these crimes. The U.S. Attorney’s Office acquired a tip they gave native authorities main to Bowker’s arrest within the United Kingdom.

On Tuesday, Bowker pleaded guilty to one rely of failure to account for and pay over withholding and social safety taxes and one rely of bank fraud.

Bowker, prior to the crime, was the chief monetary officer and vp of finance for a company that housed offices within the Northern District of Oklahoma. He was accountable for withholding revenue and social safety taxes from staff’ paychecks and paying them over to the IRS.

According to court docket paperwork, between April 2014 and January 2016, Bowker withheld the funds however actively failed to file employment tax returns for the company or pay over the $3.6 million in taxes owed to the IRS.

Agents found throughout the investigation, Bowker had not embezzled the funds he withheld so the IRS was in a position to recuperate them.

Bowker additionally pleaded guilty to bank fraud as he was entrusted to pay the company;s month-to-month bank card invoice by transferring funds from the company’s checking account at Mabrey Bank in Bixby to its Visa account.

According to the investigators, between January 2014 to December 2015, Bowker used the company’s bank card to make $130,000 price of private purchases.

Bowker did this by calling the bank card processor and authorizing a one-time digital switch to pay for the bank card invoice. By doing this over the cellphone, he was in a position to keep away from the company’s two-signature requirement on company checks.

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