Jim Beck’s voice broke as he addressed the judge in federal court, for the first time admitting what the jury in his federal trial had decided back in July: He is to blame for a fraud and money laundering scheme which the federal government says bilked his former employer out of more than $2.5 million.

“I hear and accept the jury’s verdict,” the 60-year-old said, noting that he loves his wife, Lucy, with all of his heart–but that his actions brought heartache to her door. “I’m completely and totally responsible.” His family had never let him down, said Beck.

“I failed them.”

U. S. District Judge Mark Cohen sentenced Beck to 87 months in federal prison. The federal prison system has no parole, but with good behavior behind bars, inmates can shave about 15% off their total sentence. When Beck gets out, he will be on supervised release for three years and as part of that, must undergo a mental health treatment program. Cohen granted a defense request that Beck not be required to report to the Bureau of Prisons before December 1, 2021.

Jurors found Beck guilty on 37 counts of fraud, mail fraud, and money…

Read more…