Jerry L. Akin, 61, formerly from Belleville, Illinois, was sentenced to fifty-one months in prison on two counts of wire fraud involving a scheme to embezzle funds from a doctor's office, Don Boyce, United States Attorney for the Southern District of Illinois, announced today. Akin was also ordered to pay restitution of $256,563 and serve three years supervised release. Restitution was less than the total amount embezzled due to an amount taken from Akin’s retirement account. Akin was sentenced on January 12, 2017.
Akin charged personal purchases to the company's credit card that included Cardinal baseball season tickets, concert tickets, medical bills and personal travel expenses. Akin paid personal credit card bills using the business checking account, and he attempted to conceal the payments by altering the payee of the checks in the business's QuickBooks accounting software. The total loss was $369,000.
The successful prosecution is the result of an investigation conducted by the Federal Bureau of Investigation, with the assistance of the doctor's office. The case was prosecuted by Assistant United States Attorney Norman R. Smith.
###