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Ex DAL Manager Sentenced

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Old 03-10-2015, 02:57 PM
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Default Ex DAL Manager Sentenced

Ex-Manager Sentenced for Role in Defrauding Delta of Millions Over 10+ Years

Former Delta Air Lines employee Paul Anderson, 57, has been sentenced to six years and eight months in prison, and ordered to pay more than $36 million in restitution and forfeit his retirement accounts as punishment for defrauding the legacy carrier. His lengthy stay in federal prison will be followed by several years of supervised release.

In September 2014, Anderson pled guilty to submitting false invoices to his employer in a scam that spanned more than a decade and netted more than $36 million in ill-gotten gains. According to a report by Atlanta NBC affiliate WXIA, Anderson was hired by Northwest Airlines in 1979. He began defrauding his employer as early as 1999, and he continued the scheme after Northwest merged with Delta in 2008.

Anderson’s co-conspirator, Michael Yedor, 62, submitted invoices to the airline from a phony company named Airborne Voice and Data for work that was never performed. Anderson, then a manager at the airline, approved the fake invoices and shared in the proceeds.

Yedor was sentenced last month to 10 years in federal prison followed by three years of supervised release. He was also ordered to pay more than $72 million in restitution for his role in the scheme.

U.S. Attorney Sally Quillian Yates found the pair’s crimes went beyond common embezzlement, telling WXIA in June of last year: “The longevity and scope of the scheme to defraud Delta is simply astonishing.”
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Old 03-10-2015, 02:59 PM
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They should have quit at $20M.
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Old 03-10-2015, 03:26 PM
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Good luck collecting the restitution.
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Old 03-10-2015, 05:24 PM
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If he had been the CEO, he would have gotten a bonus for his creative accounting practices.
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Old 03-13-2015, 08:15 AM
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Right- this goes on all the time and it's business accounting. These guys were just doing their jobs.
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