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

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(credit: Thinkstock)

(credit: Thinkstock)

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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 This material may not be published, broadcast, rewritten or redistributed.)

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