3 days ago
Upstate man indicted for embezzling $1.6 million from company
GREENVILLE, S.C. (WSPA) – A Greenville man was indicted for stealing approximately $1.6 million from a Long Island company.
Tony Ream, 33, of Greenville, South Carolina, was arraigned in a federal court on Friday. Authorities say he's accused of wire fraud and money laundering for a worldwide medical and dental supply distributor company based in New York. According to the Department of Justice (DOJ), Ream was a credit supervisor for the company.
Ream was hired in 2019 by the company to work in their credit department, and was given the role of credit supervisor in 2020, according to the United States Attorney's Office. Investigators said over the course of four years, Ream was accused of stealing corporate funds from customer refund accounts and reportedly sent wire transfers that reached a total of $1.6 million from the company's bank account to a bank account he owned.
The DOJ claimed that Ream used the funds to pay for his wedding, as well as fund a failed restaurant in South Carolina. Ream also accused of spending the funds on luxury vacations.
'As alleged, Ream is a thief who abused his authority and betrayed his employer to fund his lifestyle, including paying for the renovations of a restaurant he opened, footing the bill for his own wedding, and traveling around the world, all on the company's dime,' stated United States Attorney Nocella. 'Embezzling company funds is a serious crime and my Office will vigorously prosecute this case to ensure Ream is held accountable for his brazen scheme.'
If convicted, Ream could face a charged of up to 20 years in prison.
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