Categorized | News

1Point CEO Pleads Guilty, Embezzeled Over 19M

NASHVILLE, Tenn. (AP) — The former head of a Dickson-based retirement benefits management company has pleaded guilty to embezzling more than $19 million from nearly 1,000 participants in retirement and other employee benefit accounts he managed.

According to U.S. Attorney Edward M. Yarbrough, former 1Point Solutions CEO Barry Stokes entered the plea to more than 30 counts on Tuesday before U.S. District Judge Robert L. Echols.

Stokes is accused of diverting money to pay his bills and buy property and art.

He has been in jail since 2006. A trial date had been set for this month.

A sentencing hearing will be set later.

Share and Enjoy:
  • Facebook
  • Google Bookmarks
  • StumbleUpon
  • Twitter

This post was written by:

Sean Stewart - who has written 161 posts on Dickson Community.


Contact the author

blog comments powered by Disqus

Gallery

after the play.jpg IMG_3073_667x500.JPG IMG_2763_667x500.jpg Miracle Ball Team IMG_2680_667x500.jpg Miracle Ball Team Relay for Life 019_667x375.jpg IMG_2950_667x500.jpg mops