The U.S. Attorney's Office has charged a Kodak employee with mail fraud and money laundering in connection with an alleged scheme to defraud Kodak of more than $4 million over the last six years.

In a criminal complaint filed last week, the U.S. Attorney charged that Mark S. Camarata, 42, an accountant in Kodak's corporate tax department, authorized payments of inflated amounts to three of the company's vendors in return for kickbacks.

The U.S Attorney's Office said that Camarata created false invoices and submitted them to the vendors, channeling the money he received through a shell company he set up called Strategic Asset Management.

Kodak's records indicate that the vendors were paid approximately $9,300,000 during the years at issue. Records provided by Camarata indicate that his company received more than $4,000,000, according to the U.S. Attorney's Office. The investigation is ongoing, including whether property tax assessments for Kodak properties were affected, the U.S. Attorney's Office said.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access