A Tulsa man who formerly controlled a truck dealership was sentenced to 60 months in prison for more than $1.5 million in bank fraud and tax evasion, the U.S. Department of Justice announced.
60 months in the maximum prison sentence on a tax evasion charge.
James Gresham, 52, worked for Frontier International Trucks where he reportedly made financial decisions regarding booking and records and also had access to the company's bank accounts.
"This sentencing should be a clear message to everyone that tax evasion is a serious offense and carries serious consequences. All tax payers must report all of their income and pay all of the taxes owed to the United States, U.S. Attorney Danny Williams said.
2007 documents showed Gresham forged company checks made payable in his name and then deposited them in his own personal bank account.
He forged 548 checks that resulted in him stealing $1,583,157.15 from the company's bank accounts. Gresham avoided paying $511,627 in taxes owed.