Wilmington Man Accused Of Stealing $2.7 Million From Employer - 47 ABC - Delmarva's Choice

Wilmington Man Accused Of Stealing $2.7 Million From Employer

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PENNSYLVANIA - A Wilmington man has been indicted on mail fraud charges, which allege that he stole more than $2 million from his employer.

United States Attorney Eastern District of Pennsylvania, Zane David Memeger, says 45-year-old Kevin N. Boardman, who is a pilot, and was the Director of Aviation and Chief Pilot at a family-owned investment management company, in its Aviation Department that was located in Delaware County, Pennsylvania. Officials say from 2006 through 2013, Boardman used several different methods to embezzle money from this employer, totaling over $2.7 million from the company.

The indictment apparently states that Boardman created two companies, Optical Axes, Inc. purportedly operated from Lakewood, New York, and Airside Monitor LLC from Dover and Wilmington, Delaware, neither of which supplied any goods or provided any services. According to the report, Boardman sent around 50 invoices from these companies, to his employer, who in turn paid the invoices by mailing checks to the fake business addresses.

If convicted, Boardman faces a maximum sentence of 20 years in prison for each of the ten counts in the indictment, three years of supervised release, a $2.5 million fine, a $1,000 special assessment, and criminal forfeiture. The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Nancy E. Potts.

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