Former Carrier Manager Sentenced For Embezzlement
A former Carrier Corp. employee in Indianapolis is heading to prison. U.S. District Judge Sarah Evans Barker sentenced Ryan King, 44, to one year in federal prison for his role in an insider embezzlement scheme.
The officer of U.S. Attorney Josh Minkler says King was an accounting manager for Carrier from June 2013 to April 2014. King opened a personal checking account under the name "Carrier Services" and diverted over $1 million from vendors into that account.
"White collar criminals steal through position and influence but are thieves just the same," said Minkler. "Those who choose to commit this type of crime will be held accountable through the partnership of government and private industry to root out crime in whatever form."
King was ordered to pay over $1.2 million in restitution. The government has recovered over $500,000 from savings and investment accounts, as well as assets owned by king which will be applied toward the restitution.
After being released from prison, King will serve two years of supervised release, including six months home detention.