JOHNSON COUNTY, Ky. (LEX 18)– A Johnson County businessman faces up to 20 years in prison after pleading guilty to embezzling hundreds of thousands of dollars from his Fayette County employer.
Franklin Fletcher, of Oil Springs, is a former accountant and gas sales manager for Nytis Exploration in Lexington.
On Thursday, he pleaded guilty to fraud.
He admitted to writing company checks to his ex-wife, without her knowledge, then cashing those checks and keeping the money.
Prosecutors say he got away with over $374,000 between 2012 and 2018.
Fletcher will be sentenced Aug. 23.
