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Article: Verso analyst accused of stealing $10M
- Article from:
- Bangor Daily News Bangor, ME
- Article date:
- November 10, 2009
- Author:
CopyrightCopyright 2009 Bangor Daily News Bangor, ME. Provided by ProQuest LLC. (Hide copyright information)
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BUCKSPORT - A federal grand jury in Memphis, Tenn., has indicted
an analyst for Verso Paper Co. on charges of embezzling more than
$10 million from the paper company.
Verso is a leading North American producer of coated paper with
Maine mills in Bucksport and Jay, as well as mills in Michigan and
Minnesota.
The indictment against Walter Thomas Williams III, 41, of
Hernando, Miss., aka Thom W. Williams, charges him with 31 counts of
wire fraud violation. The charges are the result of investigations
conducted by the Memphis Division of the FBI.
According to the indictment documents, Williams was working for
Verso as a disbursement analyst at an annual salary of about
$70,000. The indictment ...