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Contact: Jim Cross
PHONE: 316-269-6481
FAX:      316-269-6420

Jan. 16, 2009

NEODESHA MAN PLEADS GUILTY TO EMBEZZLING $719,000

WICHITA, KAN. - Larry R. Williams, 49, Neodesha, Kan., has pleaded guilty to one count of wire fraud, Acting U.S. Attorney Marietta Parker announced today.

In his plea, Williams admitted the crime took place from August 1999 through July 26, 2006, while he was employed as controller for Molded Fiber Glass Construction Company (MFGCC) of Independence, Kan. In that position, he was responsible for keeping the company's payroll records. Williams inflated the amount the company owed him and caused electronic fund transfers from MFGCC to several bank accounts he controlled. The government calculated the loss at $719,529.

Williams is set for sentencing April 11, 2009. He faces a maximum penalty of 20 years in federal prison and a fine up to $250,000. Parker commended the Federal Bureau of Investigation and Assistant U.S. Attorney Alan Metzger for their work on the case.