Ex-NANA official sentenced for fraud

Posted: Monday, January 11, 2010

SEATTLE - A former chief financial officer with an Alaska native corporation has been sentenced in Seattle to 21 months in prison for mail fraud in an embezzlement scheme.

The U.S. attorney's office says 45-year-old Clyde Thomas Beard, formerly of Anchorage, used his skill as a CPA to cover up charging his corporate credit card for computers, travel, a diamond ring, TV, Seahawks merchandise and to pay his cable bills.

Beard was fired in February 2008 from NANA Services, a subsidiary of NANA Development Corp.

He pleaded guilty Sept. 29, 2009, and was sentenced Friday in federal court. He also was sentenced to three years of supervised release and ordered to pay $188,000 in restitution.

The case was investigated by the Postal Inspection Service.

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