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Former Molino Business President Gets Prison Sentence For Embezzlement
August 31, 2018
The former president of a Molino business was sentenced to state prison Thursday afternoon for embezzling tens of thousands of dollars from the company.
Scott Allen Taylor, 42, was sentenced by Judge Jan Shackelford to 30 months in prison for fraud and forgery for the crimes against Hendrix Service Center in Molino. He faced up to 30 years in prison but entered a plea agreement that dropped a money laundering charge and capped his maximum possible sentence at three years.
Taylor embezzled $76,483.09 from Hendrix by diverting client payments to an unauthorized and undisclosed account at Hancock Bank, according to presecutors. To open the account, he forged the signatures of the majority shareholder in the company on account opening records which he then presented to the bank. Taylor was the only person authorized to write checks and withdraw money from the account.
Taylor was president of the corporation at the time and owned a minority share of the company. The plea agreement called for him to forfeit his stock.
According to court documents, he was responsible for processing invoices and payments from an extended warranty company, and he diverted direct deposit payments into the Hancock Bank account. The documents state a total of $72,501.72 was deposited into the unauthorized account, and Taylor was reimbursed $3.981.37 for a total of $76,483.09. Investigators found that the majority of the purchases from the account appeared to be personal expenses to several restaurants, Disney resorts, Disney tickets, Google, PlayStation, barber shops and other stores.
Taylor was remanded into custody Thursday afternoon.
Comments
14 Responses to “Former Molino Business President Gets Prison Sentence For Embezzlement”
Hey Scott,
Judging by the comments you haven’t made a lot of friends. Time to evaluate your life. It takes a special kind of talent to spurn this much hate.
Couldn’t have happened to a worse person and businessman! Sure hope you get all that you deserve while you’re behind bars!
Well, well, it finally caught up with you. Karma does work. yep. takes time , but it does work. And that makes me very happy.
mamas dont let your babys grow up to be a thief !!!!!!!
Taryn you probably dont remember me, you were really little when i left the shop up there but it hurts that he didnt tell you goodbye, he always talked about how much he loved you and was so proud of you. Im praying for you and your family thru this.
You didn’t even tell me goodbye dad
Scott, several of us are praying for you to discover the true meaning of why your mama told you “Don’t go to Prison” and we really agree with “Tommy” and hope that you find your life’s long love while there.
Repent man and when you get out, Get Gone.
Only 29 months and 29 days left.
ONLY 30 months! REALLY…my son has possession charge under 20 gr and received 33 months. Something wrong with the judicial system for sure. People with charges a lot less severe and get more time. UNBELIEVABLE
SHOULD HAVE TO MAKE RETITUTION ALSO
when you get out of prison please do the people of this area a big favor and yourself GET THE HELL OUT OF THIS AREA AND NEVER COME BACK YOU THIEF !!!!!!!!!
Dummy.. Everybody knows you need to be elected to get away with stealing…
A very light sentence.
You deserve every hour Scott…you treated us like garbage and all the while stealing from the people around you.