New Orleans CPA sentenced for embezzling $1.8M

New Orleans CPA sentenced for embezzling $1.8M

NEW ORLEANS (WVUE) - Paul E. Gardner, 57, was sentenced Friday to 30 months in prison for an embezzlement scheme.

Gardner, who ran an accounting and tax preparation business for 30 years in New Orleans, was hired in October 2007 as a part-time bookkeeper for Clovelly Oil Company. Gardner was responsible for preparing royalty checks for Clovelly's 200-plus owners and handled bi-weekly payroll for all employees.

U.S. Attorney Kenneth Polite says Gardner embezzled $1,798,000 by manipulating payroll records and increasing his compensation. Polite says Gardner used the money to satisfy gambling debts from a New Orleans casino.

U.S. District Judge Nannette Jolivette Brown sentenced Gardner to 30 months in prison, followed by two years supervised released. He must also pay restitution of $1,798,000.

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