Summary
A former finance director of a multinational consulting and media company has pleaded guilty to serious financial crimes. Jordan Khammar admitted to transferring more than $7.9 million from his employer’s accounts over ten years. He used accounting manipulation and system control to hide the fraud. The case was revealed in federal court in Brooklyn. He now faces a potential prison sentence and major financial penalties.
A Decade-Long Fraud Inside a Trusted Position
Jordan Khammar, a former finance director at a multinational media and consulting company, admitted to carrying out a long-running fraud scheme. The illegal activity lasted for ten years, starting in January 2015 and continuing until May 2025.
He originally joined the company in 2006 as a financial consultant. Over time, he rose to a senior position. This role gave him wide access to important financial systems. These included banking, accounting, payroll, and bookkeeping systems.
With this level of access, he was able to move money without immediate detection. He used this opportunity to secretly transfer large amounts of money to himself over many years.
How the Money Was Stolen
The scheme involved more than 300 unauthorized wire transfers carried out by Jordan Khammar. These transfers moved over $7.9 million from the company’s bank accounts.
The funds were not taken all at once. Instead, they were moved in smaller amounts over time. This helped avoid suspicion and allowed the scheme to continue for years.
The stolen money was sent to an account linked to a company he owned and controlled. This company acted as a central point for receiving and redistributing the funds.
Steps Taken to Hide the Fraud
The fraud was carefully hidden using multiple methods. Jordan Khammar manipulated internal financial records to make the transfers appear legitimate.
Some of the key methods used include:
- Creating over 100 false entries in the company’s general ledger
- Labeling fake transactions as normal business expenses
- Recording payments as taxes, credit card bills, or office renovation costs
- Limiting access of other employees to financial systems
- Avoiding internal checks and controls
These actions made it difficult for others in the company to detect the wrongdoing.
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Where the Stolen Money Went
After transferring the money, the funds were moved through a company created by Jordan Khammar. From there, the money was used for several purposes.
These included:
- Funding independent business ventures
- Supporting a media production company
- Purchasing real estate in Florida and Ohio
- Paying for personal expenses
A large portion of the money was used to support business activities outside the original employer.
Legal Proceedings and Charges
The case was handled in federal court in Brooklyn. Jordan Khammar pleaded guilty to two major charges:
- Wire fraud
- Money laundering
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Wire fraud involves using electronic communication to carry out a scheme to steal money. Money laundering involves hiding the source of illegally obtained funds.
The prosecution is being handled by Jonathan P. Lax and Dana Rehnquist, with asset forfeiture matters managed by Claire S. Kedeshian and assistance from Liam McNett.
Potential Penalties
The guilty plea means the case will move directly to sentencing. Jordan Khammar faces severe penalties.
These include:
- A maximum of 20 years in prison
- Repayment of at least $7.9 million to the company
- Forfeiture of another $7.9 million in assets
These penalties reflect both the scale of the fraud and the length of time over which it occurred.
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Inside the Company’s Financial System Abuse
The fraud highlights how access to financial systems can be misused. As finance director, Jordan Khammar had control over key processes. This included initiating payments and recording transactions.
By controlling both the movement of money and the records, he was able to hide the fraud effectively. This combination made the scheme harder to detect early.
The manipulation of internal records played a major role in keeping the fraud hidden for years.
Investigation and Case Handling
The case was handled by a specialized fraud prosecution team led by Joseph Nocella Jr. and supported by Harry T. Chavis Jr..
Investigators reviewed financial records, transaction histories, and internal systems. The use of false accounting entries and multiple transfers formed a key part of the evidence.
Authorities also traced how the money was moved and spent after leaving the company.