LOUISVILLE, Ky. (WDRB) — A Seymour, Indiana electrician is accused of turning company materials into cash in an alleged multi-year fraud scheme that cost his employer more than $200,000, federal prosecutors said.
The U.S. Attorney’s Office for the Southern District of Indiana said 47-year-old Clyde Shane Hatton is charged with one count of wire fraud.
Court documents allege Hatton, while working for a company that manufactures and distributes engines and vehicle parts, was issued a company credit card for business expenses.
Starting in 2020, investigators said he used it to purchase wire and other electrical materials he never intended to use for work.
Instead, Hatton sold the items to a scrap yard and pocketed the proceeds, repeating the process about 107 times.
Prosecutors said he then covered his tracks by submitting receipts and claiming the purchases were legitimate business expenses.
In total, investigators allege the scheme resulted in a loss of about $202,173.51.
The FBI Indianapolis Field Office investigated the case. Hatton has agreed to plead guilty, according to federal officials.
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