On Jan. 3, a Merced man pleaded guilty to felony charges of grand theft and California State Income Tax evasion.
Carl Joseph Means, 36, was taken into custody in July, 2017 on charges of allegedly embezzling more than $455,000 from AMG Resources Corporation, a Lathrop-based scrap metal recycling company.
According to a release issued by the San Joaquin District Attorney’s office, Means also admitted to sentencing enhancement allegations that funds derived from the theft totaled more than $200,000. He will be sentenced by San Joaquin County Superior Court Judge Ronald Northup on March 27, 2018.
Sentencing has been delayed so that restitution can be determined by those impacted. During the hearing on Jan. 3, Means submitted a cashier’s check for $150,000 to AMG to pay toward restitution.
The tax evasion charge was based on Means neglecting to report the additional income on his income tax return filings.
Means was the plant manager for AMG Resources from 2013 to 2016, during which time he allegedly sold $455,949.28 worth of scrap metal to Atwater-based Atwater Iron & Metal without authorization from AMG.
According to court documents, Means allegedly used personal vehicles, AMG trucks and a third-party trucking company to ship the materials to the Atwater company, which make checks payable to Means instead of AMG.
During his employment, Means suspended Christmas bonuses to AMG employees, claiming the plant was performing poorly.