John McEwan, former president of Pinnacle Workforce Solutions, was sentenced on July 24 to over five years in prison, according to a joint statement by an acting United States attorney and an FBI special agent in charge.
McEwan, 69, pleaded
As part of the process, Pinnacle was required to obtain access to sensitive banking and personal information. Pinnacle (in the course of providing its services) routinely withdrew funds from its customers’ bank accounts and had access and authorization to initiate wire transfers from its customers’ bank accounts.
Bad Decisions – Go Straight to Jail
In the plea agreement, McEwan admitted that, dating back to 2009, Pinnacle was operating at a financial loss. Under pressure, McEwan made the decision to routinely wire funds out of client bank accounts.