Former lumber CFO
guilty of embezzling over
A former lumber executive is facing
up to 20 years in federal prison for
embezzling more than $800,000
from a Beckley, West Virginia-
based company. Federal prosecu-
tors say James Matthew Miller, 42,
pleaded guilty on Dec. 7 to two
counts of wire fraud.
Miller also faces fines up to
$250,000 on each of the wire
fraud counts. He will be sentenced
on March 15, 2018.
Miller was the former CFO at an
unnamed Beckley lumber company
until September 2013. According
to a statement from U.S. Attorney
Carol Casto, from approximately
Dec. 31, 2007, to Aug. 30, 2013,
Miller issued payments to a fake
log vendor who was a close friend.
The vendor cashed or deposited
the checks in his bank account,
then gave Miller the money, minus
a small fee.
Miller also admitted to inflating
company log inventories to conceal
the fraud. Reports were emailed to
a lumber mill manager in Tennessee
and a BB&T in Georgia, resulting in
the two counts of wire fraud.
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