East Texan gets prison for $2.5M fraud, bonuses


TYLER, Texas (AP) — An East Texas man must serve more than three years in prison for faking $2.5 million in company profits in order to get bonuses.

A federal judge in Tyler sentenced 56-year-old Mark Eugene Thomas of Athens to 41 months behind bars. Thomas in March pleaded guilty to mail fraud when he was the accounting manager for Argon Medical Devices Inc. in Athens.

Prosecutors say Thomas from 2004 to 2008 provided fraudulent data to the company and auditors to make the specialty medical products company appear more profitable. Investigators say Thomas and other workers then wrongly received performance incentives.

Thomas on Wednesday was also ordered to repay the company more than $2.5 million.

Athens is 70 miles southeast of Dallas.

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