A former CEO of a telecommunications provider in the Northern District of Iowa, who stole over $600,000, was sentenced Thursday to more than three years in federal prison.
42-year old Anthony James Lang of Jesup received the prison term after pleading guilty in April to one count of wire fraud.
From January 2017 through January 2023, Lang devised and executed a scheme to defraud his employer, a telecommunication and internet service provider. At the time of the scheme, Lang was the CEO of the company and had access to their books and accounts. Over a six-year time period, Lang stole over $600,000 from the company. At sentencing, Chief Judge C.J. Williams described Lang’s conduct as the product of greed and waste.
Lang was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams to 38 months’ imprisonment. He was ordered to make $662,736 in restitution. He must also serve a three-year term of supervised release after the prison term. There is no parole in the federal system.
Lang was released on the bond previously set and is to surrender to the Bureau of Prisons on a date yet to be set.
The case was prosecuted by Assistant United States Attorney Nicole L. Nagin and investigated by the FBI.
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