Tri-Cities Man Sentenced For Embezzling From Employer

A tri-cities man has been sentenced to over 2 years in prison after he embezzled hundreds of thousands of dollars from his employer. According to court documents, in 2018, 49 year old Jack Vicars was working as vice president of a large construction company in Johnson City. As part of his position and duties, he routinely oversaw projects and reviewed and approved invoices submitted by subcontractors. Eventually, Vicars formed his own company and began submitting fraudulent invoices from his company for fictitious work that was not actually performed. Vicars would then use his position and authority as vice president to approve those invoices, resulting in payments issued by his employer to Vicars’ company. Vicars then used the money he stole to pay for personal expenses such as personal credit cards. The fraud took place over a period spanning from 2018 through February 2021. In total, Vicars stole $344,650 from his employer.

On Thursday, at federal court in Greeneville, Vicars was sentenced to 27 months in prison followed by three years of supervised release. He also has to pay restitution for the over $344,000 he stole…and because in 2019, he failed to claim money he stole as income, he has a tax liability of over $33,000…he has to pay that money as well.