NEW YORK, US: Tony Ream, a former credit supervisor at Henry Schein, has been sentenced to 30 months in prison for wire fraud related to the embezzlement of corporate funds. Ream embezzled around US$1.6 million (€1.5 million*) from the company over four years.
A press release from the US Attorney’s Office for the Eastern District of New York detailed Ream’s conduct. Ream joined Henry Schein’s credit department in 2019 and became a credit supervisor in 2020. Between October 2020 and November 2024, he diverted funds from active and inactive customer refund accounts into his own bank accounts. His attempts to mask the activity included recording the transactions as customer refunds and deceiving his subordinates into facilitating the fraud.
In addition to the custodial sentence, Ream was fined US$1,000 and ordered to pay US$1.6 million in restitution to his former employer. He had pleaded guilty to wire fraud in September 2025.
An earlier press release from the US attorney’s office announcing Ream’s indictment described how he used the stolen funds to finance his lifestyle: “Ream spent tens of thousands of dollars of the proceeds of his fraud on his wedding, hundreds of thousands on a failed restaurant venture in South Carolina and tens of thousands on luxury international vacations,” the press release read. Ream planned to open a family-run Cambodian restaurant in Greenville in South Carolina in September 2024, according to an article in the Post and Courier.
Editorial note:
* Calculated on the OANDA platform for 31 October 2024.
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