Milford man pleads guilty to $2.5M embezzlement

April 13, 2009 8:12:50 AM PDT
Delaware's Director of Revenue says a Milford man has pleaded guilty to embezzling more than $2.5 million from a Sussex County company. Director Patrick Carter says 36-year-old John Burkett pleaded guilty last week to theft over $100,000 and attempting to evade taxes. He will be sentenced June 26.

Carter says Burkett, the chief financial officer of Coastal Supply Co., created a fictitious company, A&S Services, and authorized about 90 checks payable to that company. Those checks totaled more than $2.5 million and Carter says Burkett transferred the funds to private accounts.

Burkett dodged about $100,000 in state income taxes for the embezzled income, which helped pay for his Milford home and personal expenses.

Coastal Supply recovered about $2 million by selling Burkett's home.

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