DENVER — A Denver couple was convicted on Thursday of defrauding $5 million from the company they worked for.
The U.S. Attorney's Office said Michael Arron Tew, 44, and Kimberly Ann Tew, 42, were found guilty Thursday for their roles in the wire fraud targeting National Air Cargo, a logistics company and contractor for the U.S. Department of Defense.
Beginning in 2018, the Tews conspired to defraud the company through the submission of dozens of false invoices for services and items that were never provided.
According to testimony, the Tews gambled away much of the money and spent $2.4 million buying Bitcoin and Bitcoin ATMs across the Denver area. Michael Tew also failed to file federal income tax returns between 2016 and 2019 on both his earned income and the fund obtained via fraud.
The U.S. Attorney's Office said sentencing has not been scheduled yet. The investigation was conducted by the FBI and IRS Criminal Investigation Division.
"We are proud to have assisted the U.S. Attorney’s Office and the FBI in unraveling the Tew’s sophisticated scheme and holding them accountable for evading their taxes and stealing from National Air Cargo," said Todd Martin, special agent in charge of the Denver Field Office.
> Watch 9NEWS original shows, live Colorado news and weather updates, daily forecasts, and sports coverage for free on the 9NEWS+ app on Roku and Fire TV.
SUGGESTED VIDEOS: Latest from 9NEWS
9NEWS+ has multiple live daily shows including 9NEWS Mornings, Next with Kyle Clark and 9NEWS+ Daily, an original streaming program. 9NEWS+ is where you can watch live breaking news, weather updates, and press conferences. You can also replay recent newscasts and find videos on demand of our top stories, local politics, investigations and Colorado specific features.
To download 9NEWS+ on Roku search for KUSA.
To download 9NEWS+ on Fire TV search for 9NEWS.