A San Jose man has been sentenced to more than two years in prison and has been ordered to pay more than $2.6 million in restitution for mail fraud and an embezzlement scheme involving an Emeryville company, United States Attorney David Anderson announced Thursday.
Dinesh Shankar, 41, pleaded guilty in November to one count of mail fraud.
From of 2013 until January of 2018, Shankar was an employee of an Emeryville-based medical device company, and from July of 2013 until December of 2017, he submitted false expense reports and false invoices to the company’s finance department, according to prosecutors with the Department of Justice Northern District of California.
His actions caused the company to pay more than a half-million dollars in excess of the legitimate expenses and expenditures for services provided.
Prosecutors also said Shankar admitted he created false invoices that appeared to be issued by six different entities but were in truth fictitious business names for entities he controlled.
The invoices made it appear the entities provided testing and quality assurance services to the company, but those services were never provided.
His actions caused a loss to the company of approximately $2,576,384.
Shankar was indicted on April 12 on six counts of mail fraud. He pleaded guilty to one count, and the remaining five were dismissed. Shankar was sentenced to 33 months in prison and was ordered to pay $2,618,000 in restitution. In addition to his prison sentence, he will serve a three-year term of supervised release.
He is scheduled to begin serving his sentence May 1.
Last modified March 1, 2019 10:53 am
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