Cary tech executive charged with embezzling $5.8 million from company
RALEIGH -- An executive of a Cary technology-sales company surrendered Tuesday night to face grand jury indictments that accuse him of embezzling $5.8 million from BMG Labtech Inc. from 2012 through last October and spending hundreds of thousands of dollars on personal expenses and vacations.
Hugh Franklin Johnson II of Raleigh, who turned 43 the day before the grand jury handed up the indictments on Tuesday, was accused of six counts of embezzling more than $100,000 and six counts of obtaining more than $100,000 worth of goods and services by false pretense.
The grand jury said the property and services were bought with a First Citizens Bank credit card that BMG issued to Johnson.
There also were two charges of falsely obtaining less than $100,000 in services by lying when saying that a man he enrolled on BMG’s health insurance was an employee.
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