February 21, 2024

US: Former KC exec embezzled millions and bought a Caribbean beach house [In Cayman Islands]. He’s going to prison

BY MAX LONDBERG From The Kansas City Star A former executive with a Kansas City company was sentenced to prison Friday for embezzling about $6.5 million from his former employer. Douglas Lee Ferrell, 34, will serve five years in federal prison without parole, according to the U.S. Attorney’s Office for the Western District of Missouri. […]

Ex-CFO pleads guilty to embezzling $6.5 million from KC company

AP From cj0nline KANSAS CITY, Mo. — The former chief financial officer of a Kansas City company pleaded guilty to embezzling more than $6.5 million from the company. Federal prosecutors say 34-year-old Douglas Ferrell, of Kansas City, pleaded guilty Thursday to wire fraud and money laundering. Ferrell admitted that he embezzled the millions from Scarbrough […]