Former NANA Exec Sentenced for Mail Fraud

A former chief financial officer of the Alaska Native NANA Corporation has been sentenced in Seattle to 21 months in prison for mail fraud in an embezzlement scheme. The U.S. attorney’s office says 45-year-old Clyde Thomas Beard, formerly of Anchorage, used his skill as a CPA to cover up charging his corporate credit card for computers, travel, a diamond ring and other merchandise. Beard was fired in February 2008 from NANA Services, a subsidiary of NANA Development Corp. He pleaded guilty in September and was sentenced today in federal court to three years of supervised release and ordered to pay $188,000 in restitution.

The Associated Press

Download Audio (MP3)