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Business Crimes Hotline
DELAWARE
Publishing Employee Pleads Guilty to Embezzlement
Josef F. Murphy, a former employee of the Advance Magazine Group, pleaded guilty to laundering over $8 million that he had embezzled from his employer. As part of his plea agreement, Murphy forfeited over $8.3 million, which is the largest forfeiture of its kind in Delaware.
The defendant, who was a credit collection manager for the company, forged documents showing that customers were due refunds. Believing the forged documents were legitimate, supervisors authorized the payments. After the checks were drawn, the defendant would request that the checks be sent to him and not mailed to the customers. Once the defendant had possession of the checks, he deposited them into bank accounts he created in the names of the payees of the checks. The defendant faces a maximum of 30 years imprisonment on the charges.
DELAWARE
Publishing Employee Pleads Guilty to Embezzlement
Josef F. Murphy, a former employee of the Advance Magazine Group, pleaded guilty to laundering over $8 million that he had embezzled from his employer. As part of his plea agreement, Murphy forfeited over $8.3 million, which is the largest forfeiture of its kind in Delaware.
The defendant, who was a credit collection manager for the company, forged documents showing that customers were due refunds. Believing the forged documents were legitimate, supervisors authorized the payments. After the checks were drawn, the defendant would request that the checks be sent to him and not mailed to the customers. Once the defendant had possession of the checks, he deposited them into bank accounts he created in the names of the payees of the checks. The defendant faces a maximum of 30 years imprisonment on the charges.
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