Ex-S.A. executive, sent to state prison, also faces federal charges
A former San Antonio executive who faces federal fraud and tax evasion charges involving the alleged embezzlement of nearly $1.4 million from the company he worked for spent his first day behind bars on a six-year state prison term stemming from the same offense.
State District Judge Frank J. Castro sentenced Ryan Glenn Martinez on Wednesday under an agreement with prosecutors in exchange for a guilty plea. He was originally charged with felony theft over $200,000 and misapplication of fiduciary property. Martinez sought probation, which Castro denied, according to court records.
The defendant once was the comptroller at Southern Folger Detention Equipment Co. LLC, formerly a subsidiary of Phelps-Tointon Inc., a 120-year-old San Antonio company that makes locks and other equipment for prisons and jails.
A federal indictment in May, stemming from an IRS investigation, separately accused Martinez of setting up shell entities to hold money intended to pay the company for equipment between January 2012 and May 2014. He faces 10 counts of wire fraud, three counts of money laundering and four counts of filing false tax returns.
Martinez had been out on bond before his sentencing Wednesday in the state case, according to court records.
The federal indictment says Martinez deceived his co-workers with false emails that caused Southern Folger and Phelps-Tointon to wire money to a bank account he owned and controlled. It says he covered up his fraud with false entries in the company’s books.
Glenn is expected in federal court next week for a status conference. If convicted, he faces up to 20 years in federal prison.
Elizabeth Zavala is a courts and crime reporter in the San Antonio and Bexar County area. Read her on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | email@example.com | Twitter: @elizabeth2863