Man accused in $9M embezzlement pleads guilty to bank fraud

KNWA
gavel.jpg

LITTLE ROCK, Ark. (AP) — A retired Arkansas accountant pleaded guilty to bank fraud for a federal charge months after being hit with a $9 million civil judgment for embezzling funds from a manufacturing company.

Edward M. Cooper Jr., 71, admitted Tuesday to stealing about $9.2 million from Roach Manufacturing Corp. for over two years.

He also admitted to writing 138 unauthorized checks to himself on Roach’s account and forging signatures of company officials on the checks and then depositing them into his bank account.

The Arkansas Democrat-Gazette reports that Cooper could face up to 30 years in prison and up to five years on supervised release, as well as a fine of up to $1 million. 

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Local News Video

DON'T MISS

More Don't Miss

Trending Stories

Mega Millions & Powerball Numbers