Former Service King CFO Sentenced for Embezzlement
April 17, 2015—A former chief financial officer for Service King Collision Repair Centers was sentenced to three years in prison for his role in embezzling more than $2 million in funds from the business.
Daniel L. Mangini of Southlake, Texas, was sentenced Monday after being convicted of mail fraud in a scheme that ran from 2006 to 2012. He is also ordered to pay $2,459,281.44 in restitution.
According to documents filed in the case and evidence presented at sentencing, Mangini also served as the personal CPA to Service King's owner, Edward Lennox.
During that time, he had access to the owner's accounting system, and printed or wrote unauthorized checks to himself, then mailed the wrongful funds to creditors.
As a particular example, Mangini admitted to writing a $40,000 check payable to American Express from one of Lennox's accounts. He admitted in January that the check was not authorized and the the money was embezzled from Lennox. He then backdated the check by one year in Lennox's records to conceal the scheme.