A former CFO who embezzled money from the magazine publishing company he helped run has been sentenced to two years in prison and three years of supervised release.

Harvey Fein, 69, had previously pled guilty to one count of tax evasion. As CFO of publishing company Florida Design, he was accused of creating fictitious accounts in the company’s name, over which he had sole signatory authority. He allegedly stole legitimate company checks, made them payable to the company, and forged the signature on the checks. He then deposited the forged checks into the fraudulent Florida Design accounts that he controlled.

According to court documents, Fein also filed false income tax returns for tax years 2001 through 2005, in which he failed to report approximately $1.5 million of additional taxable income that he embezzled from the company. The resulting tax loss to the IRS is approximately $440,000.

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