BOWLING GREEN, Ky. (KT) – A federal grand jury in Bowling Green returned an indictment charging a local man with wire fraud, money laundering, and tax evasion, involving more than $1 million, the U.S. Attorney’s office for the Western District of Kentucky announced on Thursday.
According to the indictment, from October 2009 and continuing until May 2020, Kennith Ray Moore, 55, committed wire fraud by engaging in a scheme to embezzle $1,145,800 from his employer. Specifically, the indictment alleges Moore caused his employer to issue checks to him and to “KBM Solutions,” a company Moore created whose primary purpose was to receive the embezzled funds.
The indictment further charges that Moore laundered money by transferring the embezzled funds to his personal checking, personal savings, and credit card accounts. The indictment also charges Moore with tax evasion for tax years 2017 to 2020.
If convicted, Moore faces a maximum sentence of 140 years in prison. A federal district court judge will determine any sentence after considering the sentencing guidelines and other statutory factors. There is no parole in the federal system.
The case is being investigated by the IRS Criminal Investigation Bowling Green Post of Duty Office and the US Postal Inspectors Service office in Bowling Green.