A corporate controller who stole more than $19 million from the information technology firm that employed him has been sentenced to 6 1/2 years in prison.
Forty-eight-year-old Jon Frank of Nokesville, Virginia, pleaded guilty to wire fraud earlier this year.
He admitted stealing $19.4 million over a 10-year period from his company, Reston, Va.-based NCI Inc. The company, which provided IT services to a variety of government clients, was subsequently sold for $283 million.
The sentence was 18 months longer than the five-year term requested by Frank’s lawyers at Friday’s sentencing hearing in Alexandria, Va.
Federal prosecutors say he spent the money on real estate, including a beach house in North Carolina, and high-end automobiles including Porsches, McLarens, BMWs, Range Rovers, a Ferrari and an Aston Martin.
Topics Virginia
Was this article valuable?
Here are more articles you may enjoy.
Fund Trying to Turn New Mexico Desert into an Advanced Tech Hub 
Florida Bills Would Open Door to More Housing in the Everglades, Brownfields 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage 
