Ex-oil manager who stole more than $ 2 million sent to jail | USAO-SDTX

HOUSTON – A 46-year-old Katy man was taken to federal prison after admitting he embezzled over $ 2 million from a local oil services company, US Attorney Ryan said. K. Patrick.

Robert Andrew Bishop pleaded guilty on October 14, 2020.

Today US District Judge Keith Ellison ordered him to serve a 41-month sentence, immediately followed by a two-year supervised release. At the hearing, the court heard additional testimony from the victim, revealing the extent and duration of his theft, as well as the devastating impact on their business. When delivering the verdict, Judge Ellison noted the length of the theft and Bishop’s violation of his employer’s trust.

Bishop was vice president of resource management for International Professional Management (IPM), an oil services company based in Houston. As part of his duties, he was responsible for securing short-term loans to cover IPM’s monthly working capital.

At the time of his plea, he admitted that he would inflate the loan amount he needed and then divert the excess money to fake vendor accounts he controlled.

Over a period of approximately six years, Bishop has set aside approximately $ 2.1 million from the company’s operating expenses.

The owners of IPM discovered his fraud scheme in August 2019.

Bishop was allowed to remain in custody and volunteer to surrender to a US Bureau of Prisons facility due to be determined in the near future.

The FBI conducted the investigation. US Assistant Attorney Thomas Carter is pursuing the case.