Vouk Executive Convicted of Embezzlement, Now Going to Prison
By: KARK
Updated: June 6, 2012
The former president of an Arkansas transportation company has been sentenced to two years in prison for taking money from an employee pension plan.
44-year old Leander J. Muncy, III, of North Little Rock was sentenced today.
Muncy will also have to pay nearly $270-thousand in restitution.
Leander Muncy pleaded guilty to embezzlement and theft in February.
Muncy had served as President and Vice President at Vouk Transportation, Incorporated.
He was also the trustee for their employee profit sharing plan.
While trustee, he wrote himself 19 checks for a total of $224-thousand, and diverted loans payments intended for the plan for his personal use.
The investigation was conducted by the United States Secret Service and the North Little Rock Police.
They say there has been an increase in the number of embezzlement investigations in Arkansas.
