John M. Casper, 60, of Charlotte, was sentenced today to 24 months in prison followed by one year of supervised release for embezzling thousands of dollars from his employer, announced Dena J. King, U.S. Attorney for the Western District of North Carolina. Robert M. DeWitt, Special Agent in Charge of the Federal Bureau of Investigation (FBI), Charlotte Division, joined U.S. Attorney King in making today’s announcement.
According to court documents and proceedings, between 2018 and 2020, Casper misused his position as Chief Financial Officer (CFO) to embezzle more than $694,000 from the victim company. Casper conducted approximately 112 unauthorized financial transactions, transferring funds from the company's accounts to bank accounts he controlled. As CFO, Casper used his access to the company’s accounting system to disguise the fraud by creating fake or incorrect financial entries in the company's books and records, ensuring they would reconcile.
Casper pleaded guilty to wire fraud on September 19, 2023. He will report to a designated United States Bureau of Prisons facility to begin serving his sentence.
U.S. Attorney King thanked the FBI in Charlotte for their investigation of the case. Assistant U.S. Attorney Graham Billings of the U.S. Attorney’s Office in Charlotte prosecuted the case.
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