Ex-Marine Toys President Sentenced
BUFFALO, N.Y. (AP) _ The former president of the Marine Corps Toys for Tots Foundation, who defrauded the organization of $1.8 million, was sentenced Tuesday to nearly five years in prison and ordered to repay the nonprofit charity for its losses.
Indicted on 22 counts, Jerry Lee King pleaded guilty in March to one count of wire fraud and one count of making false statements on a tax return.
He was sentenced to the maximum penalty of four years and nine months in prison.
King, 57, was released on bond, and has three days before beginning his sentence.
Investigators found that King used his position as chairman and founder of the foundation from 1991 to 1993 to divert money through at least five secret bank accounts in Hong Kong.
King diverted some of the money to his own businesses, while also buying a car and paying a son’s college expenses.
King established his reputation in the toy industry in the 1970s, working his way up at Fisher-Price.