Former Soloflex Model Scott Madsen and Adair Financial Services General Manager was Sentenced to 24 Months for Stealing Company Funds
PORTLAND, Oregon—U.S. District Judge Michael W. Mosman today sentenced Scott Severin Madsen, 48, of Hillsboro, to 24 months in prison and three years’ supervised release, for stealing a quarter of a million dollars from Adair Financial Services, LLC (“Adair”), located in Vancouver, Washington, where Madsen formerly served as General Manager.
Judge Mosman ordered Madsen to pay $248,544.60 to Adair in restitution. “Defendant’s crime victimized not only Adair, but all of its hard-working employees, from whose pockets this defendant stole hundreds of thousands of dollars,” said U.S. Attorney Dwight C. Holton. “Economic crimes are very serious offenses, and we will continue to prosecute, convict, and seek prison time for those who steal money from others.”
In March 2010, Madsen pled guilty to one count of interstate transportation of stolen property. He admitted that from February 2005 through February 2008, he submitted $248,544.60 in fraudulent expense reimbursement requests to Adair, and that he received fraudulent reimbursement checks from Adair in the same amount. He further admitted that he transported the fraudulently obtained checks from Washington to Oregon, knowing the same to have been stolen or taken by fraud.
This case stemmed from an investigation by the Federal Bureau of Investigation. The case was prosecuted by Assistant U.S. Attorney Stacie Beckerman.
NOTICE: All persons depicted are presumed to be innocent unless proven to be guilty in a court of law. The fugitive.com and fugitivewatch.com notations appearing on this are TRADEMARKS and NOT an expression of fact or opinion.
AVISO: Todas las personas representadas son presumidas de ser inocente a menos que resultara culpable en un tribunal de justicia. Fugitive.com y fugitivewatch.com anotaciones que aparecen en este sitio son MARCAS REGISTRADAS y NO una expresión de hecho o de opinión.
COMMENT ADVISEMENT: We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.
AVISO DE COMENTARIO: Damos la bienvenida a tus pensamientos, pero por el bien de todos los lectores, por favor abstenerse de la utilización de obscenidades, ataques personales o insultos racistas. Todos los comentarios están sujetos a nuestros términos y condiciones del servicio, y podrá ser retirado. Reincidentes pueden perder privilegios comentar.
Fugitive Watch was founded in 1992 by two San Jose police officers, Steve Ferdin and Scott Castruita. Fugitive Watch is a reality-based television show, newspaper and website, fugitive.com. We can also be found on social media such as Instagram, Facebook, and Twitter. The mission of Fugitive Watch is to make Your community safer by helping law enforcement fight crime. Fugitive Watch brings the community, local business, and law enforcement together to solve crimes, apprehend wanted fugitives and provide education and crime prevention information to the community.
Business and private sponsorship help Fugitive Watch empower the community to strike back at crime from the safety of their living rooms. Fugitive Watch has been credited by law enforcement with over several 1000 crimes solved or fugitives apprehended. Fugitive Watch also helps improve the safety of police officers by locating fugitives for law enforcement so they can more safely arrest them rather than unexpectedly running across them through extremely dangerous routine “chance encounters”. As law enforcement officers know all too well, These “chance encounters” have resulted in countless officer injuries and deaths.