EAST ST. LOUIS — Jerry L. Akin, 60, formerly from Belleville, has entered pleas of guilty to two counts of wire fraud involving a scheme to embezzle funds from a local doctor’s office.
Akin admitted as part of the plea entered Thursday that he charged personal purchases to the company’s credit card that included Cardinal baseball season tickets, concert tickets, medical bills and personal travel expenses, Acting U.S. Attorney for the Southern District of Illinois James L. Porter said.
According to the indictment, Akin allegedly paid personal credit card bills using the business checking account and that he attempted to conceal the payments by altering the payee of the checks in the business’ QuickBooks accounting software.
Akin faces a prison sentence of up to 40 years, a fine of up to $500,000, and up to three years’ supervised release with mandatory restitution. Sentencing is scheduled for Aug. 26.
The prosecution is the result of an investigation by the Federal Bureau of Investigation, with the assistance of the doctor’s office. The case is being prosecuted by Assistant United States Attorney Norman R. Smith.
— From the Illinois Business Journal