Embezzlement Sentenced Handed Down

Lexington, KY — A Johnson County man has been sentenced in federal court for embezzling from a Lexington business. 55-year-old Franklin Fletcher of Oil Springs was sentenced to 65 months in federal prison by Chief United States District Judge Danny C. Reeves, for wire fraud and aggravated identity theft. Fletcher was ordered to pay $374,192.89 in restitution. Fletcher pleaded guilty in May of this year and admitted to embezzling from his former employer, NYTIS Exploration from September 2012 until March 2018. According to court records, Fletcher abused his authority as an Accounting Manager to generate checks that he would deposit into his own accounts. He also concealed his crime by writing the checks in another individual’s name and forging her signature on the endorsement line. This was not Fletcher’s first act of embezzlement. Records indicate that from some point until 2009, Fletcher embezzled nearly $1,000,000 from this then-employer abusing his position in accounting at that Kentucky energy company. Under federal law, Fletcher must serve 85 percent of his prison sentence, and upon his release, he will be under the supervision of the United States Probation Office for three years.