Preston Pleads Guilty to Embezzling $650K from Clyde’s Restaurants

WASHINGTON — The former controller of Clyde’s Restaurant Group has pleaded guilty to embezzling nearly $650,000 from the company.

Fifty-five-year-old Nancy Preston of Vienna, Va., entered the plea Wednesday in U.S. District Court. She will be sentenced on Dec. 12. Preston also agreed to sign over $258,000 worth of stock awards and options to Clyde’s, and to a forfeiture judgment of nearly $400,000.

According to a statement of offense, Preston, who worked at Clyde’s for nearly 30 years, diverted Clyde’s money to her personal credit card to buy goods for her use.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS DC

D.C. Lottery Live
Follow and Like Us

Listen Live