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Fraud

Bowling Green Man Sentenced to 3 Years, 10 Months in Federal Prison for Wire Fraud, Money Laundering, and Tax Evasion

Strategic Insights

— 1 min read

Kenneth Ray Moore, a 56-year-old man from Bowling Green, was sentenced to 3 years and 10 months in federal prison for engaging in a scheme to embezzle $1,145,800 from his employer between October 2009 and May 2020. Moore, who was Vice President of Finance, created a shell company called "KBM Solutions" to receive the embezzled funds and laundered the money by transferring it to his personal financial accounts. In addition to the prison sentence, Moore was ordered to pay $1,158,194.80 in restitution for the embezzlement scheme and $342,155.84 in restitution for tax evasion, for a total of $1,500,350.64 in restitution.

Key Takeaways:

  • Kenneth Ray Moore was sentenced to 3 years and 10 months in federal prison for three counts of wire fraud, two counts of money laundering, and four counts of tax evasion.
  • Moore committed wire fraud by embezzling $1,145,800 from his employer between October 2009 and May 2020 using a shell company called "KBM Solutions."
  • Moore laundered money by transferring the embezzled funds to his personal financial accounts.
  • Moore failed to file personal income tax returns between 2013 and 2020, and owed over $300,000 in unpaid taxes, penalties, and interest.
  • Moore was ordered to pay $1,158,194.80 in restitution for the embezzlement scheme and $342,155.84 in restitution for tax evasion, for a total of $1,500,350.64 in restitution.
  • The case was investigated by the IRS Criminal Investigation Bowling Green Office and the USPIS Bowling Green Office.
  • Assistant U.S. Attorneys Raymond McGee, Erin Bravo, and Madison Sewell prosecuted the case.

Statistics:

  • $1,145,800: The amount of money Moore embezzled from his employer between October 2009 and May 2020.
  • 3 years, 10 months: The length of Moore's prison sentence.
  • $1,500,350.64: The total amount of restitution Moore was ordered to pay ($1,158,194.80 for embezzlement + $342,155.84 for tax evasion).
  • 2013-2020: The period during which Moore failed to file personal income tax returns.

Sources:

  • "Statement from U.S. Attorney Michael A. Bennett, IRS Special Agent in Charge Karen Wingerd, and U.S. Postal Inspector in Charge Lesley Allison regarding the sentencing of Kenneth Ray Moore." (No date mentioned in the source material)
  • "Office of United States Attorneys Bowling Green, KY" (No date mentioned in the source material)

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