Mandeville CPA pleads guilty to fraud, ID theft - FOX 8, WVUE, fox8live.com, weather, app, news, saints

Mandeville CPA pleads guilty to fraud, ID theft

NEW ORLEANS (AP) - A certified public accountant from Mandeville has pleaded guilty to bank fraud, identity theft and wire fraud in a case prosecutors say netted him roughly $2.8 million over 19 years.

U.S. Attorney Kenneth Polite (poh-LEET') said Michael Sapera entered the guilty plea Thursday.

Prosecutors said that beginning in July 1996, Sapera stole close to $2.2 million from the New Orleans-based company he worked for. He forged the signature of his employer on approximately 430 stolen corporate checks, then endorsed them to himself.

Beginning in 2011, through a series of transactions, Sapera transferred more than $580,000 in corporate funds from the company's bank account to his personal account.

U.S. District Judge Eldon E. Fallon set sentencing for May 28.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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