PENSACOLA – A Fort Walton Beach man pleaded guilty Friday to 13 counts of wire fraud and four counts of tax evasion stemming from his embezzlement of funds from his employer.
Lawrence Keefe, United States Attorney for the Northern District of Florida, announced the guilty plea of 59-year-old Michael C. Greutman.
Between 2009 and 2016, Greutman embezzled more than $825,000 from his employer, a family-owned business in Shalimar.
Greutman, who was the chief financial officer and stole money by making unauthorized online payments to pay his credit cards with employer funds, using corporate credit cards for unauthorized personal purchases and transferring company funds to his personal bank accounts, according to a news release from Keefe’s office.
He used his position to create false documentation and manipulate accounting records to cover up his scheme, the news release said.
Greutman also failed to report the embezzled money as income on his income tax returns.
He faces a maximum of 20 years in prison for wire fraud and a maximum of three years in prison for filing a false tax return.
A sentencing hearing is scheduled for May 12 at the United States Courthouse in Pensacola.
Deputy United States Attorney Jeffrey Tharp prosecuted the case after a joint investigation by the Okaloosa County Sheriff’s Office and the Internal Revenue Service-Criminal Investigation as part of the Emerald Coast Financial Crimes Task Force.