Zachary T. Lee Acting United States Attorney | U.S. Attorney for the Western District of Virginia
A Shenandoah, Virginia resident has admitted to wire fraud charges for embezzling over $200,000 from his former employer. Vernon Fisher, aged 66, pleaded guilty to two counts of wire fraud and now faces a potential prison sentence of up to 20 years.
Court documents reveal that between 2017 and 2021, Fisher was employed at 'Victim Company,' a plastics firm based in Elkton, Virginia. In his role as an accountant and controller, Fisher's duties included filing taxes, managing payroll and cash flow, handling bank deposits, and paying company bills.
Fisher confessed to orchestrating a multi-year scheme where he linked his personal bank accounts with those of the company. Over 300 financial transactions allowed him to siphon more than $200,000 into his own accounts. These funds were reportedly used for personal purchases at luxury retailers such as Neiman Marcus, Kay Jewelers, Macy’s, Nordstrom among others.
The announcement was made by Acting U.S. Attorney Zachary T. Lee alongside Stanley M. Meador, Special Agent in Charge of the FBI’s Richmond Division.
The investigation is being conducted by the FBI while Assistant U.S. Attorney Sally J. Sullivan is handling the prosecution.
