Former VP of Downers Grove company pleads guilty to $3.9 million fraud scheme
DOWNERS GROVE– A former vice president of a company that was based in Downers Grove pleaded guilty Tuesday to a fraudulent invoicing scheme in which he obtained more than 100 company checks totaling more than $3.9 million and stole the money for himself, according to a press release from the U.S. Attorney's Office.
The defendant, Steven M. Brazile, admitted the fraud at his arraignment after being charged earlier this month in U.S. District Court.
Brazile, 52, of St. Louis, was a vice president in the unnamed company’s St. Louis office where he managed the information technology functions in that office. He pleaded guilty to one count of interstate transportation of fraudulently obtained securities. He was released on his own recognizance pending sentencing, which U.S. District Judge Elaine Bucklo set for Nov. 13.
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