Kentucky man charged in connection with alleged $1 million theft from his employer
A Kentucky man who allegedly set up a shell company to receive money he stole from his employer has been indicted in federal court.
Kenneth Ray Moore, of Bowling Green, faces a total of 10 charges of wire fraud, money laundering and tax evasion.
Moore, 55, stole more than $1.1 million from his employer between October 2009 and May 2020, an indictment returned charges.
The indictment returned Wednesday says Moore set up a company called KBM Solutions in 2009 and caused his employer to issue checks to the business.
KBM Solutions was listed as a vendor to the company Moore worked for, but it didn’t provide any products or services.
Rather, it was a fraudulent company whose main purpose was to receive money Moore embezzled, according to the indictment.
Moore used the money he stole for personal expenses, including to pay credit card debt and put money in his checking and savings accounts, the indictment says.
The indictment did not disclose the name of the company where Moore worked or what his role was there.
Federal authorities said in a news release that Moore faces up to 140 years in prison if convicted.
However, the sentence would likely be far less than that under advisory sentencing guidelines.
