Jess Adams embezzled about $1.16 million from a Wasilla equipment company and the City of Houston.
Updated: 59 seconds agoThe former treasurer for the City of Houston was sentenced Tuesday to spend 2 1/2 years in prison forIn total, Jess Adams, 67, embezzled about $1.16 million over a six-year period, according to a plea agreement filed in the case. With the stolen money, he bought at least eight cars, purchased firearms, spent $55,000 on Amazon purchases, withdrew more than $90,000 cash and spent about $60,000 at an auto repair shop, the agreement said.
He was hired in 2019 to work as a bookkeeper for Alaska Electric and Control, which operates as Jewell Equipment Company in Wasilla, the agreement said. Adams again began misappropriating funds from the business to his personal accounts, according to the plea agreement. In total, he transferred $888,000 to himself and took more than $13,000 in cash by 2022, it said.
He was initially indicted in 2023 on 17 counts of wire fraud, eight charges of money laundering and six counts of tax evasion. Heto a count of wire fraud, eight charges of money laundering and six counts of tax evasion.
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