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Michael and Kimberly Tew gambled away much of the money and spent $2.4 million on Bitcoin and Bitcoin ATMs, the US Attorney’s Office said.
DENVER — A Denver couple was convicted on Thursday of defrauding $5 million from the company they worked for.
The U.S. Attorney’s Office said Michael Arron Tew, 44, and Kimberly Ann Tew, 42, were found guilty Thursday for their roles in the wire fraud targeting National Air Cargo, a logistics company and contractor for the U.S. Department of Defense.
Beginning in 2018, the Tews conspired to defraud the company through the submission of dozens of false invoices for services and items that were never provided.
According to testimony, the Tews gambled away much of the money and spent $2.4 million buying Bitcoin and Bitcoin ATMs across the Denver area. Michael Tew also failed to file federal income tax returns between 2016 and 2019 on both his earned income and the fund obtained via fraud.
The U.S. Attorney’s Office said sentencing has not been scheduled yet. The investigation was conducted by the FBI and IRS Criminal Investigation Division.
“We are proud to have assisted the U.S. Attorney’s Office and the FBI in unraveling the Tew’s sophisticated scheme and holding them accountable for evading their taxes and stealing from National Air Cargo,” said Todd Martin, special agent in charge of the Denver Field Office.
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