A Utah man accused of embezzling more than $700,000 from a Helena company admitted to charges Monday, U.S. Attorney Jesse Laslovich said Monday.
Thomas Lynn Syddall, 50, of American Fork, Utah, worked for a company owned by Anderson ZurMuehlen & Co., and pleaded guilty to wire fraud and to money laundering-concealment as charged in an indictment.
Syddall faces a maximum of 20 years in prison, a $500,000 fine or twice the value of the property involved in the transaction and three years of supervised release.
Chief U.S. District Judge Brian M. Morris set sentencing for March 20. Syddall was released pending further proceedings.
In court documents, the government alleged that Syddall worked as a salesman for Information Technology Corp., which was owned by Anderson ZurMuehlen & Co.
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The Anderson ZurMuehlen offices in Helena
THOM BRIDGE, Independent Record
From about March 2020 to about August 2021 in Helena, Syddall embezzled money through multiple means, including creating bogus purchase orders and invoices, stealing inventory and directing payments to fictitious companies and unauthorized