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KNOXVILLE (WATE) - The former chief financial officer of a Knoxville non-profit group was given a three-year sentence in federal prison for wire fraud and money laundering.
Cameron J. Potter, 40, pleaded guilty in September 2011 to a federal indictment on charges he embezzled more than $403,000 in company funds through his position at the Southern Alliance for Clean Energy.
The New Market man was ordered by U.S. District Judge Thomas W. Phillips to server 36 months in prison and pay $403,161.39 in restitution.
Potter's scheme was uncovered in an internal investigation by SACE that resulted in an investigation by the U.S. Department of Energy's Office of the Inspector General.
According to information provided by the U.S. Department of Justice, Potter obtained his fraudulent wealth by counterfeiting checks and diverted receipts. With the stolen funds he bought cars, a second house, sports memorabilia, and supported a extra-marital affair.
