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Former Exec Embezzled Over $2 Million20 November 2002TEXAS – As reported by the Dallas Business Journal: "Larry Thomas Ohms, former vice president of finance for Dallas-based United States Lime & Minerals Inc., has pleaded guilty to wire fraud and making false statements to a government agency. "Ohms, 42, faces a maximum sentence of 10 years in prison and a $500,000 fine, according to the U.S. Department of Justice. "As part of his plea agreement, Ohms has agreed to pay $2.18 million in restitution to USLM. "…According to the Justice Department, from 1998 through December 2001, while Ohms was USLM's vice president of finance, he devised a scheme to defraud the company of about $2 million in corporate money. He concealed his scheme by making false entries to USLM's books and accounting records, the department said. Ohms admitted that he used this money to pay his gambling debts. "…He admitted that he falsified the information to hide the fact that he had embezzled and stolen nearly $2.18 million, according to the department. "According to previous media reports, Ohms resigned from USLM in January about a week before the alleged embezzlement was discovered…" |