# Barry Anderson ran a $2.4 million scheme alongside the owner of a dump truck company.

*business · news · 2026-04-17 · cleveland.com*

## Key points

- Barry Anderson admitted to embezzling over $3 million from Austin Powder Co. subsidiaries.
- He created fraudulent LLCs, bought land, and secretly leased it back to Austin Powder Co.
- Anderson and Gregory Shuey generated 373 fake or inflated invoices totaling $2.4 million.
- Anderson had previously been fired in 2000 for stealing $400,000 but was rehired in 2005.
- Shuey, co-conspirator, died by suicide a day before his scheduled guilty plea.

**Companies:** Austin Powder Co., Shuey Backhoe and Dump Trucking
**Countries:** United States

[Read the full story on cleveland.com](https://www.cleveland.com/court-justice/2026/04/former-austin-powder-co-exec-admits-to-3m-embezzlement-from-explosives-maker.html)

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