- Associated Press - Friday, December 8, 2017

BECKLEY, W.Va. (AP) - Federal authorities say a former executive for a West Virginia lumber company has admitted to wire fraud for embezzling more than $800,000.

According to prosecutors, 42-year-old James Matthew Miller pleaded guilty to two counts on Wednesday.

He was chief financial officer for the company based in Beckley until September 2013.

Authorities say that he issued payments to a sham vendor that never hauled or delivered logs and falsely inflated inventories to conceal it.

The vendor cashed or deposited the checks in his bank account, then gave Miller with the money, minus a small amount.

He could face up to 20 years in federal prison at sentencing March 15.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide