6 1/2 Years in Prison for IT Company Controller Who Embezzled Nearly $20 Million

by RestonNow.com September 8, 2017 at 12:00 pm 20 Comments

A Nokesville man who worked as the controller for Reston’s NCI Inc. has been sentenced to 6 1/2 years in prison for embezzling about $19.4 million from the information technology company.

Jon Frank, 48, pleaded guilty to a wire fraud charge in June. According to the U.S. Attorney’s Office for the Eastern District of Virginia:

From 2007 until January 2017, he used his position to initiate transfers of approximately more than $19 million from the company’s bank account to his personal accounts. He created false documents to make it appear that the money was being sent as reimbursement to another company that was administering the health insurance plan for Frank’s employer. Relying upon his knowledge and the altered documents, he was able to mislead the individuals performing audits of the company’s financial records. Frank spent the money on expensive automobiles and real estate, among other things.

In addition to his prison sentence, Frank has been ordered to pay the full amount — $19,440,331 — back in restitution.

Frank’s sentence was handed down Friday morning by U.S. District Judge Leonie M. Brinkema. Assistant U.S. Attorney Jack Hanly prosecuted the case.

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