A 37-year-old man pleaded guilty Wednesday to 16 counts of conspiracy to commit wire fraud and wire fraud, U.S. attorneys say.
David Allen Dinsbeer was indicted on Oct. 3, authorities said.
According to court records, between January 2011 and May 2012, Dinsbeer defrauded the Hickory Foods group of companies out of $904,000. Attorneys said the Hickory Foods companies are best known for Bubba Burgers.
The investigation revealed that Dinsbeer used fake supplier companies to bill for supplies that were never delivered. Officials said he then deposited checks, which were issued on false invoices, into bank accounts for the phony companies, which he controlled.
An FBI forensic accountant determined that the companies had no legitimate business expenses and that Dinsbeer withdrew money from the accounts, using them to pay his personal expenses.
To facilitate the scheme, officials said Dinsbeer conspired with an employee of Hickory Foods companies.
Dinsbeer is currently released on bond pending a sentencing hearing. Authorities said each count carries a maximum penalty of up to 20 years in prison.