Man faces prison, must forfeit Tesla for embezzling $26 million from Columbus furniture company

COLUMBUS, Ohio (WMCH) -- A Powell man will spend five years in prison and have to forfeit his Tesla for embezzling tens of millions of dollars from the furniture company at which he worked.

Yi He, 36, was sentenced in federal court Wednesday for stealing more than $26 million from Roundhill Furniture in west Columbus, which supplies retailers like Wayfair, Walmart and Ashley Furniture. The sentence comes after he pleaded guilty last August to wire fraud and falsifying a tax return.

According to court documents, Yi, who was responsible for payroll and tax-related duties, wired the company's funds into his personal accounts from 2018 to 2022. To conceal the theft, he showed company leaders falsified bank statements.

Yi also embezzled more than $600,000 from an employee incentive company that he oversaw. The company, Zero Group, supplemented longtime employees' retirement savings. In one instance, Yi wired himself $200,000 from the company and labeled it for "rent."

Additionally, Yi inaccurately reported his income to the IRS from 2018 to 2021, according to court documents. He owes the IRS about $6.8 million.

Yi originally faced up to 23 years in prison and the forfeiture of three homes, two in Reynoldsburg and one in Columbus. Instead, he will forfeit his 2020 Tesla Model X and pay more than $27 million in restitution to Roundhill Furniture and the IRS.