PENSACOLA, FLORIDA - Michael C. Greutman, 59, of Fort Walton Beach, Florida, pleaded guilty today
to thirteen counts of wire fraud and four counts of tax evasion stemming from his embezzlement of
funds from his employer. Lawrence Keefe, United States Attorney for the Northern District of
Florida, announced the guilty plea.
Between 2009 and 2016, Greutman embezzled over $825,000 from his employer, a family-owned business in Shalimar, Florida. Greutman worked as the Chief Financial Officer and stole money by making
unauthorized online payments to pay his credit cards with employer funds, using corporate credit cards for unauthorized personal purchases, and transferring company funds to his personal bank
accounts. He used his position to create false documentation and manipulate accounting records to cover up his scheme. Greutman also failed to report the embezzled money as income on his income tax
returns.
Greutman faces the following penalties:
• Wire Fraud: a maximum of 20 years in prison
• Filing a false tax return: a maximum of 3 years in prison
The sentencing hearing is scheduled for May 12, 2020, at 10:30 am at the United States Courthouse
in Pensacola.
Deputy United States Attorney Jeffrey Tharp is prosecuting the case after a joint investigation by
the Okaloosa County Sheriff’s Office and the Internal Revenue Service-Criminal Investigation as
part of the Emerald Coast Financial Crimes Task Force.
The United States Attorney’s Office for the Northern District of Florida is one of 94 offices that
serve as the nation’s principal litigators under the direction of the Attorney General. To access
public court documents online, please visit the U.S. District Court for the Northern District of
Florida website. For more information about the United States Attorney’s Office, Northern District
of Florida, visit http://www.justice.gov/usao/fln/index.html.
The year 2020 marks the 150th anniversary of the Department of Justice. Learn more about the
history of our agency at www.Justice.gov/Celebrating150Years.
Source: U.S. Department of Justice, Office of the United States Attorneys
