The former chief information officer at a large U.S. automobile processing company has been sentenced to nearly six years in prison for embezzling more than US$500,000 from the company by faking expense reports and reselling company equipment. The former chief information officer at a large U.S. automobile processing company has been sentenced to nearly six years in prison for embezzling more than US$500,000 from the company by faking expense reports and reselling company equipment.Dale Frantz, 46, was sentenced Friday in U.S. District Court for the Western District of Washington, after pleading guilty to fraud charges. Auto Warehousing Company (AWC) hired him in 1998, even though he had served a prison stint in the 1990s for a similar crime. Frantz made headlines three years ago for switching the company to the Mac after a software licensing dispute with Microsoft.Between 2007 and 2009, Frantz used a number of techniques to steal money from AWC, a Tacoma, Washington, company that delivers cars from ports and manufacturing plants to dealerships. He wrote up fake invoices for expense reports and altered legitimate ones to boost his reimbursements, and used company funds to buy computer equipment that he later resold on the Internet. He had a co-conspirator set up a company called Asyncritus Technology to generate invoices for nonexistent services, taking a split of the profits, the U.S. Department of Justice said.In 2007, Franz tried to switch AWC to the Mac OS platform, after becoming involved in a public dispute with Microsoft, after the software vendor pressured him to audit his company’s software licenses. That project was delayed after employees and partners pushed back, but the company now has more than 100 Macintosh computers helping to run operations, according to Apple’s Web site. In a Dec. 9 letter to the judge in the case, Franz said he led a tortured double life as both successful executive and embezzler, a life that came to an end when he was fired from his job. “I was relieved to be terminated,” he wrote.In addition to the 71-month sentence, Frantz must pay $516,358 in restitution to AWC. In 1996, Franz got a four-year sentence for stealing $200,000 while office manager at an Indiana audio shop.Robert McMillan covers computer security and general technology breaking news for The IDG News Service. Follow Robert on Twitter at @bobmcmillan. Robert’s e-mail address is robert_mcmillan@idg.com Related content feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Mergers and Acquisitions Mergers and Acquisitions brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime news analysis China’s offensive cyber operations support “soft power” agenda in Africa Researchers track Chinese cyber espionage intrusions targeting African industrial sectors. By Michael Hill Sep 21, 2023 5 mins Advanced Persistent Threats Cyberattacks Critical Infrastructure brandpost Proactive OT security requires visibility + prevention You cannot protect your operation by simply watching and waiting. It is essential to have a defense-in-depth approach. By Austen Byers Sep 21, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe