Acting U.S. Attorney Stephen M. Schenning announced Friday the former Chief Financial Officer of Revolution pleaded guilty to aggravated identity theft and wire fraud.
Forty-seven-year-old Jay Edward Wilkins of Stoney Beach, Maryland diverted Revolution funds for his own person use starting in 2014. Wilkins had access to former and current employees of Baltimore-based Revolution, as CFO. Over a three-year period, Wilkins accessed the Revolution payroll account and changed multiple employees’ direct deposit information, which caused the “payroll company” to deposit approximately $700,000 in funds into an account he controlled, according to court documents.
Wilkins also failed to report some of the fraudulent monies on his tax returns for the 2014, 2015 and 2016 tax years.
The wire fraud charge carries a maximum 20-year prison sentence. The aggravated identity theft charge carries a 2-year prison sentence. Wilkins’ sentencing hearing is scheduled for January 23, 2018.