A former branch manager for heavy equipment distributor Cecil I. Walker Machinery Co. faces up to 20 years in prison after pleading guilty Wednesday in connection with a scheme in which he fraudulently obtained $90,000 in rental fees from the company.
Mark Randall Trump, of Cool Ridge, pleaded guilty to wire fraud before United States District Judge Irene C. Berger in Beckley.
In 2009 and continuing up until his dismissal from Walker Machinery in April 2012, Trump, 43, a branch manager at Walker Express, the company’s full-line rental service store based in Crab Orchard, began offering certain customers special rates for equipment rentals without the company’s authorization.
An investigation revealed that Trump was paid directly, often by cash or personal check, by certain customers for numerous equipment rentals. Trump later deposited the fraudulent payments into his personal checking account.
To conceal his actions, Trump entered the customer data into the company’s system and printed a matching rental agreement form. However, upon the return of the equipment, Trump made entries into the company’s records indicating that the rental had been canceled, deleted from the computer system or not invoiced at all.
Trump also failed to process the receiving paperwork through Walker’s service department, as required for all company rental transactions.
In total, Trump took approximately $90,000 in rental fees owed to the company for his personal use. As a result of the fraud, the company incurred a loss of approximately $367,000.
Trump is scheduled to be sentenced April 17.