Missouri Man Sentenced for Stealing Almost $4M from Former Employer

February 14, 2020

A Kirkwood, Mo., man has been sentenced to 48 months in federal prison and ordered to pay approximately $3.8 million in restitution after being convicted of stealing that amount from his former employer, the U.S. Attorney’s Office for the Eastern District of Missouri reported.

Convicted of wire fraud, Bryan G. Vonderahe, 45, was sentenced by U.S. District Judge Ronnie L. White.

According to court documents, from January 2012 through January 2019, Vonderahe schemed to defraud The Boyd Group and its affiliated companies where he was employed as chief financial officer and controller. After setting himself up as a sham vendor, Vonderahe issued approximately 500 company checks to himself totaling approximately $3.8 million. Vonderahe falsified internal company records and issued false financial statements to the company’s outside auditors in order to cover up and conceal his lengthy and substantial fraud scheme.

According to the U.S. Attorney’s Office, he used the stolen and embezzled funds for his own personal use, including to pay for luxury automobiles; for travel for himself and his family to locations such as Florida, Colorado, and Nevada; for his personal residential mortgage; and for gambling and related activities.

The Federal Bureau of Investigation investigated this case. Assistant U.S. Attorney Hal Goldsmith handled the case for the U.S. Attorney’s Office.

Was this article valuable?

Here are more articles you may enjoy.