Shenandoah man pleads guilty to stealing $200K from former Elkton employer

A Shenandoah man faces 20 years in prison after pleading guilty to stealing more than $200,000 from his former employer.

Vernon Fisher, 66, of Shenandoah, had been indicted on five counts of wire fraud.

He pleaded guilty to two of the counts.

The indictment in the case alleged that from approximately 2017 and continuing through 2021, Fisher was employed by a plastics company in Elkton. Fisher served as an accountant and controller, and his responsibilities included filing taxes, running payroll, managing cash, bank deposits, and paying company bills.

Fisher was alleged to have engaged in a multi-year scheme involving more than 300 financial transactions totaling more than $200,000 to steal from and defraud the company by linking his personal bank accounts to the company’s bank accounts.

Fisher then funneled company money to his own accounts and used it for personal expenses at Neiman Marcus, Kay Jewelers, Macy’s, Nordstrom, and other high-end retailers.