Ex-Ametek Executive Charged With Fraud With Fake Receipts

A former Ametek Inc. (AME) executive used correction fluid and scissors to doctor business receipts and defraud the electronics company of more than $600,000, federal prosecutors in Philadelphia said.

Christopher Stehm, 51, of Mason, Ohio, was accused of wire fraud and filing false tax returns in a charging document known as an information. Stehm was Ametek’s chief accounting officer in offices in Broken Arrow, Oklahoma, and Cincinnati from January 2006 to November 2012, U.S. Attorney Zane Memeger said in a statement.

Stehm cut off tops of receipts and whited out parts that he submitted with expense reimbursement claims to make them appear business-related, according to the charging document. He allegedly used copies of the same receipts to support multiple claims, which included money for repairs to his car, meals and the purchase of a dog.

If convicted, Stehm faces a maximum prison sentence of 46 years plus a $1 million fine, according to the statement from Memeger’s office.

Kevin Coleman, a spokesman for Berwyn, Pennsylvania-based Ametek, didn’t immediately return a phone call seeking comment on the charges against Stehm.

The case is U.S. v. Stehm, U.S. District Court, Eastern District of Pennsylvania (Philadelphia).

To contact the reporter on this story: Sophia Pearson in Philadelphia at spearson3@bloomberg.net.

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net.

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