Former Accountant Accused of Stealing Nearly $1 Million from Energy Provider - Articles

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Posted by: Jarod Word on Nov 29, 2018

A former accountant for the Meigs County-based Volunteer Energy Cooperative (VEC) has been charged with stealing nearly $1 million from the organization, The Times Free Press reports. Jason Kittle was indicted by a Meigs County grand jury on a charge of theft over $25,000 after an investigation by the State Comptroller's Office and the Tennessee Bureau of Investigation, which were probing suspicious transactions reported by the cooperative. According to the comptroller's office, Kittle stole $735,318 by making 242 transfers from a VEC account to his personal bank account, with another $229,293 stolen by making 204 payments to his personal credit card account. Kittle is claimed to have hidden the embezzlement by recording the fraudulent transactions in VEC's accounting system as online payment fees, returns, or similar transactions, according to auditors. VEC services 115,000 customers in Tennessee, including the communities of Benton, Cleveland, Georgetown, Decatur, Spring City, Crossville, Monterey, Jamestown and Byrdstown.