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November 25, 2009

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Ex LV tech exec sentenced

Monday, July 15, 2002 | 11:13 a.m.

Brian Cole, a former PurchasePro.com Inc. executive, was sentenced Friday to one year and one day in prison and supervised release for one year after he pleaded guilty to two counts of filing false tax returns.

Cole, who was the controller of PurchasePro and an affiliate, Cart-It and Cabinetry Inc., was accused by the U.S. Justice Department of embezzling $111,114 from the two companies by writing checks payable to himself or a nominee that he controlled. The Justice Department said the checks were deposited to bank accounts in Albuquerque, N.M..

Cole, who was accused of signing and filing personal federal income tax returns that didn't include the illicit income, was also sentenced to pay $31,112 in restitution and cooperate with the Internal Revenue Service to determine the exact amount of taxes he owed.

PurchasePro, a Las Vegas technology company, declined comment.

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