Alabama accountant sentenced to 38 months for embezzling from client

Jon Harvey Deal, 54, was a certified public accountant and investment adviser registered with the U.S. Securities and Exchange Commission, according to court records.

Deal managed the finances of a Montgomery woman in her mid-80s who had sizable assets in an account at Charles Schwab & Co. Inc. He was an authorized signatory on the account and had access to checks that could be written against funds in the account, court records show.

From about October 2008 until about October 2011, Deal embezzled about $440,000 by writing checks against the account.

He used the money to pay his own personal expenses as well as those of a restaurant in which he had an interest.

The client since has been reimbursed, according to the U.S. Attorney's Office. Deal has been free on bond.

U.S. District Judge Myron Thompson has ordered Deal to report to prison Jan. 28.

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Copyright 2012 - Montgomery Advertiser, Ala.

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