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(TwinCities.com)   Delta Airline employee embezzles $22 Million, or about one day's worth of checked bag fees   (twincities.com ) divider line
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6933 clicks; posted to Main » on 01 Jul 2014 at 12:15 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-01 10:19:03 AM  
Man, that takes some real stones to pull it off for that many years.
 
2014-07-01 10:43:56 AM  

WTFDYW: Man, that takes some real stones to pull it off for that many years.


I wonder how they got caught.  Probably go careless, since it had gone so well for so long.
 
2014-07-01 11:06:35 AM  
CSB - A former boss of mine had a similar scheme. He and his boss setup a fake paper company and invoiced a couple million bucks worth of paper over the course of about 3 years.

They only got caught when some bean counter happened to notice that the address for WTF Paper Co was a PO Box in a local strip mall.
 
2014-07-01 12:24:04 PM  
No doubt the IRS is taking a hard look at these two. Not reporting, and paying taxes on, that kind of income will get you 15 years in a federal prison. And 15 years means 15 years (or about 95% of it).
 
2014-07-01 12:25:50 PM  
The airlines deserved it.
 
2014-07-01 12:26:17 PM  
Who does he think he is? The CEO?

/ only c level employees get to embezzle.
 
2014-07-01 12:27:21 PM  

ChipNASA: The airlines deserved it.


QFT
 
2014-07-01 12:28:27 PM  
A call was made to American Airlines reservations. It was obviously a pervert, who said "Oh, baby, I'm almost ready to cum." To which the AA employee responded "Sir, why don't you call Delta.
i.imgur.com  "
 
2014-07-01 12:29:08 PM  

NightOwl2255: No doubt the IRS is taking a hard look at these two. Not reporting, and paying taxes on, that kind of income will get you 15 years in a federal prison. And 15 years means 15 years (or about 95% of it).


The shell corp may very well have been paying taxes on it.
And the "kick backs" reported as consulting services.

/just a guess
 
2014-07-01 12:30:45 PM  

ChipNASA: The airlines deserved it.


Mein Fuhrer I Can Walk: QFT


Yeah, I mean in a fair world this guy deserves to go to prison.

Considering we're dealing with multi-national corporation that attaches a fee for even showing up to your flight just so that the CEO has a little extra to buy that 3rd yacht...yeah I've no sympathy for them.
 
2014-07-01 12:31:37 PM  
Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.
 
2014-07-01 12:37:23 PM  

the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.


Rule #2 is GTFO before you get caught. I like America too, but if I had come into $10m illegally, I'm going where nobody can find me.
 
2014-07-01 12:38:00 PM  
What always amazes me about these people is the following:

1.  Wow...  $22million?!  Friggin $1m would be more than enough to retire on.
2.  Considering #1, why would you push it after you got away with that much?
3.  Considering #2, why the hell would you continue it indefinitely?  Did you think you would never get caught?!

People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.  That really is the only end-game.  If you don't get caught, don't do it again!  You're free and clear!

You may notice that I'm more or less siding with the criminal.  And that's because the airlines suck and fark them.
 
2014-07-01 12:38:47 PM  

the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.


Run and hide. If you should be picked up next week buying a hundred-thousand dollar sports car in Newport Beach, I am going to be supremely disappointed. Because I want my people to find you, and when they do, rest assured we are not going to hand you over to the police. So my advice to you again is this: run and hide. That is all that I ask.
 
2014-07-01 12:40:47 PM  

the8re: Shag the hottest escorts at the glitziest hotels


Yes, and I would like your newsletter.

well no assets in a country where the us gov can take them is a better way to put it. If caught you'll do some time, but it's less than if you rob $200 from a 7-11 with a gun. Then you get to keep those assets when you get out and leave the country.
 
2014-07-01 12:41:18 PM  

zerkalo: the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.

Run and hide. If you should be picked up next week buying a hundred-thousand dollar sports car in Newport Beach, I am going to be supremely disappointed. Because I want my people to find you, and when they do, rest assured we are not going to hand you over to the police. So my advice to you again is this: run and hide. That is all that I ask.


Till some snotty, egotistical Frenchie turns you in on a dare.
 
2014-07-01 12:41:58 PM  

the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.


A G6? Like the pontiac? Who the hell...
 
2014-07-01 12:52:40 PM  
Knew a guy who knew a guy who worked for a large corp in shipping and receiving. He set up a company in a neighboring state and got them approved as a sole vendor for this special part that the company needed each month. Every month he would drive to that state and ship out the part, Every month the company would pay the invoice he enclosed with the part. Rinse, repeat.
20 years or so this went on. Then, he retired. Some accountant noticed the part wasn't being ordered any more and contacted the department that had requested it to see if there was a billing problem. They had no idea what it was and why it was needed. Investigation. IRS troubles, jail time, etc.

/csb
//should have phased out the part prior to retirement.
///no, I am not posting this story from a federal prison.
 
2014-07-01 12:53:10 PM  
I would have love to have pulled that off, but I'd cut & run at 5 mil.
 
2014-07-01 12:53:57 PM  

Eddie Adams from Torrance: CSB - A former boss of mine had a similar scheme. He and his boss setup a fake paper company and invoiced a couple million bucks worth of paper over the course of about 3 years.

They only got caught when some bean counter happened to notice that the address for WTF Paper Co was a PO Box in a local strip mall.


Did he really call it "WTF Paper Co?" That should have been the first clue.
 
2014-07-01 12:54:18 PM  

boarch: the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.

A G6? Like the pontiac? Who the hell...


Aim higher...
 
2014-07-01 12:55:48 PM  
Ugh. broken linky:

cdn2.hubspot.net
 
2014-07-01 12:55:52 PM  

grinding_journalist: the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.

Rule #2 is GTFO before you get caught. I like America too, but if I had come into $10m illegally, I'm going where nobody can find me.


I would think that Rule #3 is "Find a good money launderer so you can actually spend the money while having at least a slightly plausible explanation for where it came from."

Then again, everything I know about money laundering comes from that scene in "Lethal Weapon 2" where Joe Pesci explains his money laundering scheme to Danny Glover and Mel Gibson.
 
2014-07-01 12:57:18 PM  

the8re: Ugh. broken linky:

[cdn2.hubspot.net image 485x363]


If they doubled the amount, they still couldn't touch that.
 
2014-07-01 01:03:22 PM  
New wrinkle in this case: If Delta's religion is Christianity, aren't they obligated to give this man their cloak too?
 
2014-07-01 01:08:31 PM  

Cybernetic: grinding_journalist: the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.

Rule #2 is GTFO before you get caught. I like America too, but if I had come into $10m illegally, I'm going where nobody can find me.

I would think that Rule #3 is "Find a good money launderer so you can actually spend the money while having at least a slightly plausible explanation for where it came from."

Then again, everything I know about money laundering comes from that scene in "Lethal Weapon 2" where Joe Pesci explains his money laundering scheme to Danny Glover and Mel Gibson.


blog.planetd21.com

I think it involves subscribing to magazines.
 
2014-07-01 01:09:07 PM  

NightOwl2255: the8re: Ugh. broken linky:

[cdn2.hubspot.net image 485x363]

If they doubled the amount, they still couldn't touch that.


These are cheap, safe and plentiful.  $3 million will get you a nice one.

www.desertjet.com
 
2014-07-01 01:10:55 PM  
For every one of these people that gets caught I wonder how many get away with it? It's not like they can brag about it after they have done it unless they flee the country or leave it in their will. But the ones that get caught looks like its their greed that catches up with them with the feeling that they are smarter than everyone and wont get caught.
 
2014-07-01 01:10:56 PM  

durbnpoisn: People seem to make this mistake all too frequently. The secret to pulling a great scam is to get away with it. That really is the only end-game. If you don't get caught, don't do it again! You're free and clear!


Tell that to private central banking and the Federal Reserve.
 
2014-07-01 01:14:33 PM  

durbnpoisn: People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.


And that's why Wall St. keeps farking the country over.
 
2014-07-01 01:23:11 PM  

ChipNASA: The airlines deserved it.


I know you're joking.  That comment is beneath you.

There is never a good excuse or rationalization for stealing from your employer.  Never.  Not a paper clip, not an idea, not fudging on your time card.  Never.

Don't steal.  That's, like, Number 6 or 7 on the BIG LIST.

Go ahead, tell me I am wrong.
 
2014-07-01 01:24:25 PM  
The 72 foot yacht might have been the give-away, ya think?
 
2014-07-01 01:25:51 PM  

Toy Boat: ChipNASA: The airlines deserved it.

I know you're joking.  That comment is beneath you.

There is never a good excuse or rationalization for stealing from your employer.  Never.  Not a paper clip, not an idea, not fudging on your time card.  Never.

Don't steal.  That's, like, Number 6 or 7 on the BIG LIST.

Go ahead, tell me I am wrong.


Tell that to the corporations; they do it every day and would laugh in your face.
 
2014-07-01 01:26:00 PM  

Rwa2play: durbnpoisn: People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.

And that's why Wall St. keeps farking the country over.


Speaking of things along these lines...
GM is in real trouble right now.  In order for Wall St to save their own asses, they have frozen GMs stock completely.

Oh, no, we can't let the people decide that the stock is too dangerous to hold.  If everyone sells, it might tank the stock!

I'm sorry, but if people want out, they should be able to get out.

About the only thing I don't have a problem with is that GM has an aweful lot of money to pay out to people.  So, they are gonna need that capital.
 
2014-07-01 01:33:56 PM  

Zeb Hesselgresser: NightOwl2255: the8re: Ugh. broken linky:

[cdn2.hubspot.net image 485x363]

If they doubled the amount, they still couldn't touch that.

These are cheap, safe and plentiful.  $3 million will get you a nice one.

[www.desertjet.com image 575x298]


Not a G650. More like $50 million.
 
2014-07-01 01:43:12 PM  

justanotherfarkinfarker: the8re: Shag the hottest escorts at the glitziest hotels

Yes, and I would like your newsletter.

well no assets in a country where the us gov can take them is a better way to put it. If caught you'll do some time, but it's less than if you rob $200 from a 7-11 with a gun. Then you get to keep those assets when you get out and leave the country.


I'm just assuming that as a convicted felon many countries would not let him in, if he's even allowed to get a passport in the first place. Actually just checked the web. Felons convicted of drug crimes, people owing unpaid child support or federal loans are denied passports. But being a felon means other countries could deny you entry.
 
2014-07-01 01:45:20 PM  

durbnpoisn: Rwa2play: durbnpoisn: People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.

And that's why Wall St. keeps farking the country over.

Speaking of things along these lines...
GM is in real trouble right now.  In order for Wall St to save their own asses, they have frozen GMs stock completely.

Oh, no, we can't let the people decide that the stock is too dangerous to hold.  If everyone sells, it might tank the stock!

I'm sorry, but if people want out, they should be able to get out.

About the only thing I don't have a problem with is that GM has an aweful lot of money to pay out to people.  So, they are gonna need that capital.


I'm a firm believer in re-segregating Wall St and the financial businesses and putting them back on a leash.  They nearly collapsed the economy twice now, this country might not survive a third instance.
 
2014-07-01 01:47:38 PM  

durbnpoisn: Rwa2play: durbnpoisn: People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.

And that's why Wall St. keeps farking the country over.

Speaking of things along these lines...
GM is in real trouble right now.  In order for Wall St to save their own asses, they have frozen GMs stock completely.

Oh, no, we can't let the people decide that the stock is too dangerous to hold.  If everyone sells, it might tank the stock!

I'm sorry, but if people want out, they should be able to get out.

About the only thing I don't have a problem with is that GM has an aweful lot of money to pay out to people.  So, they are gonna need that capital.


What are you going on about?  GM is trading freely on the NYSE.   In fact, it's rallied today because people are putting more weight in recent positive sales news than in the recent recalls...
 
2014-07-01 01:50:05 PM  

Rwa2play: Toy Boat: ChipNASA: The airlines deserved it.

I know you're joking.  That comment is beneath you.

There is never a good excuse or rationalization for stealing from your employer.  Never.  Not a paper clip, not an idea, not fudging on your time card.  Never.

Don't steal.  That's, like, Number 6 or 7 on the BIG LIST.

Go ahead, tell me I am wrong.

Tell that to the corporations; they do it every day and would laugh in your face.


Doesn't make it right.  Those boys have to live with their own loose bowel evacuations running down their legs.
 
2014-07-01 01:52:55 PM  

the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.


Or set up a world renown horse farm like that woman in Dixon. It's all an ego trip.

/and it takes a special kind of obliviousness to let her get away with it for so long.
 
2014-07-01 01:53:09 PM  

durbnpoisn: Rwa2play: durbnpoisn: People seem to make this mistake all too frequently.  The secret to pulling a great scam is to get away with it.

And that's why Wall St. keeps farking the country over.

Speaking of things along these lines...
GM is in real trouble right now.  In order for Wall St to save their own asses, they have frozen GMs stock completely.

Oh, no, we can't let the people decide that the stock is too dangerous to hold.  If everyone sells, it might tank the stock!

I'm sorry, but if people want out, they should be able to get out.

About the only thing I don't have a problem with is that GM has an aweful lot of money to pay out to people.  So, they are gonna need that capital.


You do realize that A) the stock is not frozen, and B) their capital does not actually changed based on stock price
 
2014-07-01 02:08:20 PM  

Benevolent Misanthrope: WTFDYW: Man, that takes some real stones to pull it off for that many years.

I wonder how they got caught.  Probably go careless, since it had gone so well for so long.


It is impressive.

How it got caught?  Delta has been doing operational reviews on all of its hubs recently to realign flights. I'm guessing one of the auditors picked this thing up on a test and decided to run it to ground.
 
2014-07-01 02:08:57 PM  
The better scheme (so I have heard) is the phantom employee.  If you are large enough, have them on the books and then they end, etc.  Works really goods for temps, though then you have to work the kickback with the temp company

CSB - Old manufacturing company had Ethel who was a treasured and revered employee.  She did the payroll and HR, always there on payday for years.  Well one day she has an emergency medical deal (she had been there for years) so young and eager Susie handles the disbursement of the payroll.  Guess what, some extra checks.  Nobody knows who they are.  Pull the files and they do a little checking, sort of bogus.  Ethel had been doing this apparently for years, usually had 1 to 3 staff that were phantom, they figure she clipped them for well over 1.5 MM
 
2014-07-01 02:09:02 PM  

Rwa2play: ChipNASA: The airlines deserved it.

Mein Fuhrer I Can Walk: QFT

Yeah, I mean in a fair world this guy deserves to go to prison.

Considering we're dealing with multi-national corporation that attaches a fee for even showing up to your flight just so that the CEO has a little extra to buy that 3rd yacht...yeah I've no sympathy for them.


"But after all, Your Honor, this IS a first offense for both of these boys.  I would put this down to poor and incomplete training on the part of the supervisor.  Was this matter even taught in the employee's training, or indeed, in any follow-up training?  Short answer: No.  Long answer: Nooooooooooooooooo.  How about the boys apologize and promise not to do it again, and we call it good, okay?"
 
2014-07-01 02:13:56 PM  

LibertyHiller: Cybernetic: grinding_journalist: the8re: Rule #1 of embezzlement: No traceable assets. You want to go to Rome for  month? Dine at the best restaurants? Shag the hottest escorts at the glitziest hotels? No problem.

Go out and buy that Mazzerati or G6? You are an idiot.

Rule #2 is GTFO before you get caught. I like America too, but if I had come into $10m illegally, I'm going where nobody can find me.

I would think that Rule #3 is "Find a good money launderer so you can actually spend the money while having at least a slightly plausible explanation for where it came from."

Then again, everything I know about money laundering comes from that scene in "Lethal Weapon 2" where Joe Pesci explains his money laundering scheme to Danny Glover and Mel Gibson.

[blog.planetd21.com image 450x282]

I think it involves subscribing to magazines.


Only because they couldn't figure out money laundering from a dictionary.

/What would YOU do with 40 subscriptions to Vibe?
 
2014-07-01 02:16:16 PM  

JohnCarter: The better scheme (so I have heard) is the phantom employee.  If you are large enough, have them on the books and then they end, etc.  Works really goods for temps, though then you have to work the kickback with the temp company

CSB - Old manufacturing company had Ethel who was a treasured and revered employee.  She did the payroll and HR, always there on payday for years.  Well one day she has an emergency medical deal (she had been there for years) so young and eager Susie handles the disbursement of the payroll.  Guess what, some extra checks.  Nobody knows who they are.  Pull the files and they do a little checking, sort of bogus.  Ethel had been doing this apparently for years, usually had 1 to 3 staff that were phantom, they figure she clipped them for well over 1.5 MM


\CSB

I worked payroll for a large government mental health agency.  One day, the auditors decided to run a test called "The Payoff" where the employees had to sign for their checks to ascertain that every check on the list  really belonged to an employee. The senior guy on the auditing crew was kind enough to let me know it was going to happen and I made my senior management aware. It wasn't 30 minutes after they  got started that I got a call from a TV reported asking why the employees were being denied their checks...

\End CSB
 
2014-07-01 02:17:31 PM  

Zeb Hesselgresser: NightOwl2255: the8re: Ugh. broken linky:

[cdn2.hubspot.net image 485x363]

If they doubled the amount, they still couldn't touch that.

These are cheap, safe and plentiful.  $3 million will get you a nice one.

[www.desertjet.com image 575x298]


But who's gonna fly it, kid?
 
2014-07-01 02:22:05 PM  

Eddie Adams from Torrance: CSB - A former boss of mine had a similar scheme. He and his boss setup a fake paper company and invoiced a couple million bucks worth of paper over the course of about 3 years.

They only got caught when some bean counter happened to notice that the address for WTF Paper Co was a PO Box in a local strip mall.


Similar CSB/

Good friends brother was busted for fake paper company in Sacramento four years ago. Only sentenced this spring.
 
2014-07-01 02:23:02 PM  

jtown: Zeb Hesselgresser: NightOwl2255: the8re: Ugh. broken linky:

[cdn2.hubspot.net image 485x363]

If they doubled the amount, they still couldn't touch that.

These are cheap, safe and plentiful.  $3 million will get you a nice one.

[www.desertjet.com image 575x298]

But who's gonna fly it, kid?


Two Pilots required IIRC.
 
2014-07-01 03:32:14 PM  
I NEED MOAR

More embezzlement stories please
 
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