A Bowling Green man accused of establishing a shell company to store more than $1 million he embezzled from his employer has pleaded guilty to several criminal counts.

Kennith Ray Moore, 55, entered a guilty plea Thursday in U.S. District Court to three counts of wire fraud, three counts of money laundering and four counts of tax evasion.

An indictment returned last year against Moore claimed that the illegal activity began in 2009 and continued into 2020, resulting in the loss of $1,145,800 to Moore’s employer.

The agreement laying out the factual basis for Moore’s guilty plea stated that he created KBM Solutions in 2009, shortly after he caused his employer to issue 17 unauthorized checks to him.

Court records documented two instances in 2019 and a third occasion in 2020 when Moore transferred a total of $24,800 of fraudulently obtained funds from his KBM Solutions account to his personal checking account, resulting in the three money laundering counts against him.

Moore filed paperwork with the Warren County Clerk’s Office and opened a business checking account in the name of KBM Solutions that year.

“KBM Solutions, though listed as a vendor, provided no product or service to Moore’s employer, but instead was a fraudulent company whose primary purpose was to receive funds that Moore embezzled from his employer,” Moore’s plea agreement stated. “After Moore deposited the checks to KBM Solutions into the KBM Solutions bank account, he used the money for personal expenses, including paying his personal credit card bill and transferring the money to his personal checking and savings accounts.”

Moore was also accused of not paying taxes on income he received for the years from 2017-20, with the plea agreement specifying that he directed his employer to mail checks to KBM Solutions to a mailbox that he controlled and then depositing the checks into a personal bank account.

Though the indictment did not specify Moore’s employer or his function for that employer, Moore’s plea agreement holds that he shall pay restitution of no less than $1,145,800 to Globe Electric, minus any insurance payments it received to cover its loss.

Arch Insurance would also be owed no less than $700,000 in restitution from Moore, with any additional restitution to be determined at sentencing, according to the plea agreement.

Federal prosecutors will recommend a sentence of imprisonment and a fine at the lowest level of the applicable federal sentencing guideline range for Moore.

U.S. District Court Chief Judge Greg Stivers ordered Moore to return to court April 24 for sentencing.