posted October 29, 2008
The former controller for Chattanooga Business Machines and Plateau Leasing has been charged with defrauding Plateau of over $130,000 through check fraud.
Andrew Glenn Jaeger has agreed to plead guilty in Federal Court.
He faces up to 10 years in federal prison.
The plea agreement says Chattanooga Business Machines and Plateau Leasing are separate entities with the same owner. They operate in the same building.
It says Jaeger was employed by the firms from October 2005 to February 2008.
The plea agreement says he began stealing checks drawn on the SunTrust Bank account of Plateau, making the checks payable to a fictitious entity and forging the signature of the owner of Plateau on the checks.
The stolen checks were deposited into a Wachovia Bank account in the name of Jaeger doing business as The Drew Review, a fictitious entity.
The checks were made out to TDR. Jaeger falsified Plateau's records to mislead Plateau's management by falsely categorizing the checks as payments to the Tennessee Department of Revenue (TDR).
The scheme from January 2006 to the end of June 2007 resulted in a loss of $130,055.
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