An Indian-American from Conroe, Texas, who stole from his employer, has been sentenced to prison for bank fraud.
Kiran Andhavarapu, 45, pleaded guilty Feb. 9, and was sentenced April 27, according to a press release from the U.S. Attorney for the Southern District of Texas.
Andhavarapu was sentenced to 20 months in prison and 3 years of supervised release for stealing more than $484,000 from Weatherford and its subsidiary EProduction Solutions LLC. United States District Judge Keith P. Ellison, who accepted the guilty plea, said Andhavarapu abused a position of trust as a financial controller which facilitated his commission of the crime.
He stole from his employer by opening bank accounts in the name of “EProduction Solutions” and listing himself as the owner and sole proprietor of the business. Andhavarapu then stole refund checks made out to and belonging to his employer and deposited them in the accounts he had created.
As part of his plea, Andhavarapu admitted he stole a total of $484,873.95. He will remain in custody pending transfer to a U.S. Bureau of Prisons facility to be determined at a later date, the release said.