A Tacoma, Washington man was sentenced on Monday, November 7, to 46 months in prison, for stealing $2.3 million from his employer. Toni Andersson, 37, was ordered to pay $2,294,861 to Expedited Solutions, a freight management company.
According to records filed in the case, between July 2010 and February 2016 in his role as accounting coordinator for a freight management company, Andersson diverted $2.3 million from company accounts to his own bank account. Andersson did this by a variety of means: creating false entries in accounting software so that payments made to himself appeared to be payments to vendors; creating of checks made out to himself and drawn on company bank accounts using the signature stamp of the company owner to sign checks; and transferring funds between various company accounts to hide the embezzlement. In total, there were more than 400 different fraudulent transactions over the five-year period. After an external audit uncovered the scheme, the audit revealed that Andersson had also failed to forward company employee’s 401k payments to their retirement plans – causing a loss of more than $70,000 to employees. Those funds were later paid back by the company’s owner.
The embezzlement caused the owner of the company to retrench some employees, sell his home and draw on some of his retirement savings.