BURLINGTON — John Van Vught, a former accountant for ValleyNet, a non-profit operating in the Upper Valley, was arrested on Friday in Brunswick, Georgia.
According to court records, on May 11, the federal grand jury in Burlington returned a three-count wire fraud indictment related to Van Vught’s embezzlement of $560,000 from ValleyNet.
Van Vught performed contract accounting work for ValleyNet between 2010 and July 2022.
During that timeframe, Van Vught transferred $560,000 out of ValleyNet’s accounts into his personal bank account.
Van Vught hid the transfers by underreporting the income ValleyNet received, according to his accounting submissions.
Van Vught also obfuscated his possession of the embezzled funds by purchasing properties in Georgia and Florida.
Van Vught is expected to have his initial appearance later today before a United States Magistrate Judge in Brunswick.
He faces a maximum sentence of 20 years of imprisonment on each wire fraud count.