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Accountant Gets Jail Time for Embezzling Funds from Clients

United States Attorney Mary Beth Buchanan of the Western District of Pennsylvania announced recently that Walter M. Tymoczko, a resident of Pittsburgh, had been sentenced to two years incarceration and ordered to pay $255,424.60 in restitution on his conviction of uttering and possessing a forged security of an organization.

According to information presented to the court, during the period of February 2003 through July 2004, Tymoczko, while working as an outside accountant for various individuals and businesses, forged checks and otherwise directed clients' funds to his own use without authorization.  Testimony from victims at the sentencing revealed that Tymoczko's embezzlement crippled the finances of one non-profit (including loss of grants and likely tax penalties), and drove another business to financial ruin.

See full release here.

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