Stolen Cash Used to Finance Sex Romps

Everyone should have a goal in life. John H.C. Black of Cleveland Heights, Ohio, probably agrees. He had a yen for female companionship that apparently drove him to steal $1.2 million from his employer to buy expensive gifts for women he met online.

Black, 56, was the chief financial officer at Alotech Ltd. of Brooklyn, Ohio, a company that makes parts for the military, the automobile industry and the aerospace industry. According to prosecutors, sometime in 2011 Black started using the company checking account, a company credit card and an unauthorized debit card for his personal expenses.

He is believed to have spent more than $450,000 of the stolen money buying cars and making purchases at Louis Vuitton, Sak’s Fifth Avenue, Victoria’s Secret, Neiman Marcus and other stores for women that he met on the website seekingarrangements.com. The website claims to match younger females, approximately 20-30 years old, with rich, older men. The men agree to provide the women with cash and gifts in exchange for their companionship.

He is charged with wire fraud.

Queens Woman Caught With Counterfeit Bills

Michele Sergeant, 31, of Queens, New York, should be more careful about the way she drives. In 2013 she was clocked going 102 miles per hour down Interstate 390 in Steuben County, New York. Inside her car, state troopers found more than $8,000 in $100 bank notes and a small quantity of marijuana. There was also a ledger containing a long list of financial transactions.

The Secret Service was called in. Agents determined that 87 of the $100 bills were sophisticated counterfeit bills, complete with water marks, color shifting ink, and embedded security strips. They also figured out that the ledger entries were references to stores at which counterfeit currency was passed. The list included Home Depot, Lowes, Target and Wal-Mart.

The feds then watched store surveillance video from the dates and times listed in the ledger. Sergeant was seen on video at several of the stores passing the phony money. Further investigation found that Sergeant had passed thousands of dollars worth of counterfeit bills in western New York State. At the time she was on release for doing the same thing in Massachusetts.

She was convicted and sentenced to 18 months in prison and ordered to pay $44,700 in restitution.

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