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Embezzling CFO Gets Eight Years in Jail

W. Scott DeLoach gets 97 months in a federal penitentiary for stealing $36 million from construction firm PBS&J and making illegal campaign contributions. His accounting manager also faces jail time.
Stephen Taub, CFO.com | US
July 18, 2007

The former CFO and another former executive at an engineering consulting firm were sentenced Wednesday in connection with their role in a $36-million embezzlement.

W. Scott DeLoach, the former finance exec of PBS&J, an employee-owned national engineering and construction, was sentenced to 97 months in federal prison for his role in the scheme, according to the Miami Herald.

He also received a two-year sentence, to run concurrently, for pleading guilty to using ''strawmen'' to illegally contribute $11,000 to the 2004 campaign of Senator Mel Martinez (R-Florida), according to the paper.

In addition, Rosario Licata, a former manager, was sentenced to 63 months in prison, according to the report. The Herald noted that sentencing for former accounting manager Maria M. Garcia was postponed until Thursday so Judge James Lawrence King could review documents filed under seal by her attorneys.

The paper said the U.S. Attorney's Office recommended that Garcia receive a 66-month sentence, below the recommended sentencing guidelines, because she initially told authorities about the embezzlement.

Last September, Deloach, Licata and Garcia pled guilty to charges that they engaged in a scheme to embezzle more than $35 million from PBS&J Corp. from 1992 through March 2005, according to an announcement at the time from R. Alexander Acosta, United States Attorney for the Southern District of Florida. Deloach also pled guilty to making illegal campaign contributions.




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