White Plains, NY - The Westchester County District Attorney's office announced that Milton Light, 65, of Bethel, Connecticut, pled guilty to the entire 13 count indictment against him.

He was charged with one count of Grand Larceny, six counts of Criminal Possession of a Forged Instrument, and six counts of Falsifying Business Records, relating to the theft of $402,784 from his employer in a bogus shipping scheme.

Light worked for Armonk-based Inter-wire Products, Inc., a wholesaler of industrial wire, and was in charge of coordinating shipments of products from its divisions to its customers.

A joint investigation involving the District Attorney’s Office and North Castle Police began in June of 2008.

During the course of the investigation it was discovered that Light set up a fictitious company called Coastal Freight Forwarders in the State of Florida.

Between December 1, 2005, and June 17, 2008, the defendant directed product shipping payments from Inter-wire Products to Coastal Freight Forwarders by duplicating and altering other shipping paperwork such as a bill of lading and submitting both orders for payment.

This resulted in Inter-wire Products, Inc., paying for shipping twice: once for the legitimate customer, the other to the fictitious company.

The checks were sent to Coastal Freight Forwarders in Florida, where the defendant maintained a bank account.

Sentencing will occur on January 24, 2012.

The defendant faces a sentence of 5 to 15 years in state prison on the top charge.

Assistant District Attorney Robert Mayes of Economic Crimes Bureau is prosecuting the case.