Man sentenced for stealing from Vancouver company
Originally published October 4, 2010 at 3:11 p.m., updated October 4, 2010 at 9:17 p.m.
A Hillsboro, Ore., man was sentenced Monday to two years in federal prison for stealing approximately a quarter of a million dollars from a Vancouver company.
Scott S. Madsen, 48, was sentenced in U.S. District Court in Portland, according to a news release from the Department of Justice.
Madsen was the former general manager for Adair Financial Services LLC, 1101 S.E. Tech Center Drive Suite 160.
“The defendant’s crime victimized not only Adair, but all of its hard-working employees, from whose pockets this defendant stole hundreds of thousands of dollars,” said U.S. Attorney Dwight C. Holton. “Economic crimes are very serious offenses, and we will have to continue to prosecute, convict and seek prison time for those who steal money from others.”
In March, Madsen pleaded guilty to one count of interstate transportation of stolen property.
According to the Department of Justice, Madsen admitted that for three years he submitted $248,544 in fraudulent expense reimbursement requests to Adair.
The criminal charge was based on the fact that he transported fraudulently obtained checks across state lines.
After Madsen serves his sentence, he will be on supervised release for three years.
U.S. District Judge Michael W. Mosman ordered Madsen to pay full restitution to Adair.