A former Nevada Power Co. employee pleaded guilty Wednesday to wire fraud for stealing at least $1.6 million from the utility company’s bank account between 2002 and 2006.
Kyle Roher, 38, of Las Vegas pleaded guilty to two counts of wire fraud and agreed to forfeit more than $1.7 million.
Roher was a senior business analyst at the electric company and was responsible for financial planning.
An indictment in April accused him of devising and carrying out a scheme to steal money from a Nevada Power bank account. The U.S. Attorney’s office said Roher forged wire transfer forms that authorized payments from the utility’s bank account to two accounts Roher had at Bank of America.
Over four years, Roher submitted 19 forged forms for $1.6 million, according to the U.S. Attorney’s office. After discovering the scheme, Bank of America froze payments to Roher’s accounts, including another $100,000 wire transfer Roher fraudulently arranged, according to prosecutors.
Roher is scheduled for sentencing on Nov. 12. He faces a maximum of 20 years in prison and a $250,000 fine. He has been released on a personal recognizance bond.