Drumright Man, David Owen West Pleads Guilty to Stealing More Than $400,000 from an Illinois Oil and Gas Company
(STL.News) A Drumright man admitted in federal court that he stole $401, 146 worth of funds and oil and gas products from his former employer, announced U.S. Attorney Trent Shores.
David Owen West, 59, pleaded guilty to two counts of mail fraud and one count of money laundering before U.S. District Judge Claire V. Eagan. The sentencing hearing was set for May 13, 2021.
“David West was a trusted employee for close to 30 years at Petco Petroleum. He violated that trust by engaging in schemes to defraud his employer as West helped himself to more than $400,000 of the company’s money,” said U.S. Attorney Trent Shores. “This prosecution exemplifies this office’s resolve to hold responsible individuals who profit from criminal deceit and embezzlement. Thanks to the work of white-collar prosecutor Charles McLoughlin, IRS-Criminal Investigation and the FBI, West is now a convicted felon.”
West carried out two schemes against Petco Petroleum, an Illinois oil and gas company where he was employed for nearly 30 years. In one scheme, West produced and submitted to Petco Petroleum fraudulent invoices for services that were never rendered, totaling $129,038, which his employer paid in full and West pocketed.