Minneapolis (AP) — Authorities say a former oil industry executive accused of stealing more than $900,000 from his Minneapolis employer has been charged in federal court.
Gregg William Johnson, 58, of Apple Valley, was charged Friday with wire fraud in connection with a scheme he allegedly perpetuated as chief financial officer of Chemstar Products Co., a manufacturer of products that assist oil drilling.
Investigators said Johnson forged the company president's signature and issued checks to himself beginning in 2014, when he was hired, and lasting until July 2020. He tried to cover up the crime by falsifying invoices for company expenses, the complaint said.
According to court documents, he’s alleged to have stolen over $930,000 belonging to the company and using the money for his own personal expenses including credit card bills, personal insurance payments and payments for mortgages and home renovations at three different personal residences.
In addition to falsifying invoices for company expenses, Johnson allegedly tried to cover his tracks by issuing checks with a different program than the company’s accounting software and logging false expenses, according to the complaint.
Messages left with Johnson and his attorney Monday were not immediately returned, the Star Tribune reported.
The Apple Valley Police Department said in a social media post in November 2020 that Johnson had been reported missing on Nov. 20. The department reported five days later in a post that his family reported he had been found safe south of the Twin Cities metro area the evening of Nov. 25, but provided no further details.
Sun Thisweek and the Dakota County Tribune contributed to this report.