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Barry Anderson ran a $2.4 million scheme alongside the owner of a dump truck company.
Barry Anderson admitted to embezzling over $3 million from Austin Powder Co. subsidiaries.
KEY POINTS
- 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.
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