old XJ/9E IT Director stole $1.1 million
03-27-2012, 05:21 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Dec 2005
Posts: 156
old XJ/9E IT Director stole $1.1 million
We're Saved!!! Based on the headline I was hoping it was Phil but no luck.
http://www.commercialappeal.com/news...ty-wire-fraud/
Former Pinnacle exec pleads guilty to wire fraud
A former executive of Pinnacle Airlines pleaded guilty Monday to wire fraud after he stole about $1.1. million from the company, the U.S. Attorney’s office announced today.
Frank Richard Raasch, 38, a former resident of Lakeland, will be sentenced June 28. He faces up to 20 years imprisonment and a fine of up to $250,000.
Until he was fired last November, Raasch was director of information technology, major projects and transition at Pinnacle. He held a similar post at Mesaba Airlines, which Pinnacle bought in 2010.
According to the U.S. Attorney’s office, Raasch submitted fraudulent invoices in the name of a fictitious company from 2007 through last November.
Once the invoices were approved and Pinnacle issued checks, Raasch deposited them in bank accounts he controlled.
http://www.commercialappeal.com/news...ty-wire-fraud/
Former Pinnacle exec pleads guilty to wire fraud
A former executive of Pinnacle Airlines pleaded guilty Monday to wire fraud after he stole about $1.1. million from the company, the U.S. Attorney’s office announced today.
Frank Richard Raasch, 38, a former resident of Lakeland, will be sentenced June 28. He faces up to 20 years imprisonment and a fine of up to $250,000.
Until he was fired last November, Raasch was director of information technology, major projects and transition at Pinnacle. He held a similar post at Mesaba Airlines, which Pinnacle bought in 2010.
According to the U.S. Attorney’s office, Raasch submitted fraudulent invoices in the name of a fictitious company from 2007 through last November.
Once the invoices were approved and Pinnacle issued checks, Raasch deposited them in bank accounts he controlled.
03-27-2012, 07:54 PM
#4
Line Holder
Joined APC: Aug 2011
Position: Bermuda Triangle
Posts: 66
Pinnacle Executive sentenced to 20 years
Former Pinnacle exec pleads guilty to wire fraud » The Commercial Appeal
HO-LEE-$H1T!!!!! DAYYUUUMMNNN
Former Pinnacle exec pleads guilty to wire fraud
Frank Richard Raasch, 38, a former resident of Lakeland, will be sentenced June 28. He faces up to 20 years imprisonment and a fine of up to $250,000.
Until he was fired last November, Raasch was director of information technology, major projects and transition at Pinnacle. He held a similar post at Mesaba Airlines, which Pinnacle bought in 2010.
According to the U.S. Attorney’s office, Raasch submitted fraudulent invoices in the name of a fictitious company from 2007 through last November.
Once the invoices were approved and Pinnacle issued checks, Raasch deposited them in bank accounts he controlled.
- By Jody Callahan
- Memphis Commercial Appeal
- Posted March 27, 2012 at 4:14 p.m.
Frank Richard Raasch, 38, a former resident of Lakeland, will be sentenced June 28. He faces up to 20 years imprisonment and a fine of up to $250,000.
Until he was fired last November, Raasch was director of information technology, major projects and transition at Pinnacle. He held a similar post at Mesaba Airlines, which Pinnacle bought in 2010.
According to the U.S. Attorney’s office, Raasch submitted fraudulent invoices in the name of a fictitious company from 2007 through last November.
Once the invoices were approved and Pinnacle issued checks, Raasch deposited them in bank accounts he controlled.
HO-LEE-$H1T!!!!! DAYYUUUMMNNN
03-28-2012, 06:41 AM
#9
Day puke
Joined APC: Feb 2006
Position: Out.
Posts: 3,865
So let this be a lesson to all of you:
When you send fictitious invoices to a company whose finance (and payroll) department is dumb enough to pay any random bill that comes through.... Don't use the same fake name and bank account for four years! Change them every few weeks, and the schmucks will never know.
When you send fictitious invoices to a company whose finance (and payroll) department is dumb enough to pay any random bill that comes through.... Don't use the same fake name and bank account for four years! Change them every few weeks, and the schmucks will never know.
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