Former AEP accounts manager will spend three years in federal prison for wire fraud, false tax returns
A man from Roanoke, VA and former American Electric Power employee was sentenced to three years in federal prison for wire fraud and falsified tax returns. Gregory Thomas Holland, 64, was the accounts manager for the company for nearly three decades.
United States Attorney for Virginia’s Western District, Christopher Kavanaugh, says Holland stole more than $1.6 million from the company. In 2001, Holland secretly opened a personal checking account using AEP’s name, where he deposited hundreds of checks intended for the company, using the funds for personal expenses– including country club membership and lake house payments. Additionally, Holland failed to report any of the stolen money on his tax returns, which is where the tax charges stem from. Read the full report here.
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