Last week, my hunting buddy's next door neighbor admitted he had embezzled over $700,000 from his employer over the past four years.
[Max] Lauw orchestrated a scheme in which he sold products produced for [his employer's] exclusive use to two other companies and diverted much of the proceeds to his personal bank accounts.
It appears that Max arranged to have the payments wired to an account in an Indonesian bank, and then two Indonesian accomplices would wire money from that account to Max's personal bank account here in Virginia. I suppose this activity is what paid for the BMW and the Porsche I frequently saw parked in his driveway whenever I visited my friend.
Sentencing will be held in August, when Max faces up to 20 years in jail and a $500,000 fine. Of course, he's also responsible for restitution to his former employer. I really feel for his wife and daughters, truly the innocent victims in this affair.
