- Associated Press - Thursday, September 22, 2016

KILLEEN, Texas (AP) - Records show an ex-chief financial officer for a Central Texas lumberyard who’s accused of stealing $2.2 million has entered two plea deals.

The Killeen Daily Herald (https://bit.ly/2dckYrl ) reported Wednesday that Norman Kott pleaded guilty to theft of more than $200,000. The 69-year-old Kott also pleaded guilty to misappropriation of fiduciary funds or financial property.

Court records show the agreements would require Kott to repay up to $1 million in cash and property during sentencing in November, with a suggested 10-year prison term.

Killeen police in 2014 were contacted by the owner of 195 Lumber alleging Kott, who handled company finances for 19 years, stole more than $2 million. An accountant determined money was missing and the lumberyard’s computer system was altered to hide the alleged theft since 2009.


Information from: Killeen Daily Herald, https://www.kdhnews.com

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