Shelbyville man sentenced for ripping off employer

Back to TopCommentsE-mailPrintBookmark and Share

Shelbyville resident John K. Branam was sentenced to 57 months in prison Wednesday by U.S. District Judge Sarah Evans Barker after he plead guilty to bank fraud, money laundering and filing false tax returns.

Branam fraudulently obtained a total of $1.6 million from 2004 to 2007, an Internal Revenue Service investigation found. Branam repaid some of the funds he stole, but the unrecovered amount remains in excess of $1 million.

Barker also imposed three years supervised release following Branam’s release from prison. During the period of supervised release, Branam must pay restitution of more than $1.18 million, maintain employment with no fiduciary responsibilities and cooperate with the IRS in determining and paying any tax liability.

Branam, 57, was office manager of King’s Title & Abstract Co. in Shelbyville from 1996 until 2007, when he was terminated by the company.

According to the charges, Branam began embezzling money from King's Title in about 2004 by using several fictitious business entities, including Branam Properties, Rocksolid Investments and Kings.

The IRS investigation found that none of the entities were legitimate businesses, but instead were created by Branam solely to embezzle money from King's Title.



Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ
  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now