FRAUD CASE: Prison For Former Office Manager
The former office manager of a central Iowa car dealership has been sentenced to prison for embezzling more than $1.4 million.
U.S. Attorney Nicholas Klinefeldt says 58-year-old Ralph Schippers was sentenced to 41 months in federal prison after pleading guilty to wire fraud.
Schippers stole the money from Granger Motors over a fourteen-year period. Klinefeldt says Schippers manipulated the dealership’s accounting system and wired or deposited money to his own account. He then made fake journal entries to cover up the fraud.
Schippers admitted to using the money for international airline tickets, hotel stays, meals, golf-related items, and jewelry.
As part of the sentence, Schippers must pay restitution in the amount of $1,433,825.37. He will also be on three years of probation following release from prison.