North Texas CFO with past conviction sentenced after defrauding another company

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Tx,Tarrant County,Keller

A financial executive for a North Texas company was sentenced to four years in federal prison after being convicted of wire fraud for the

second time.According to the U.S. Attorney’s Office for the Northern District of Texas, 56-year-old John Robert Rush of Keller pleaded guilty to the charge in April.On Wednesday, he was sentenced to 51 months in prison and ordered to pay more than $1 million in restitution to his victims.Federal prosecutors said Rush was the chief financial officer for a logistics and transportation company in the Dallas-Fort Worth area. The company handled cargo for the U.S.

He made changes to records in the company’s accounting software to disguise those transfers so they would look like routine payments to vendors.And while Rush was using the money for his personal benefit and to pay off his own debt, the company’s majority shareholders said they faced "almost insurmountable debt." The company was forced to lay off employees and close one of its related businesses.But it seems defrauding companies is not something new for Rush.

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