A York County jury convicted former chief financial office Karl Breeden of embezzling from Advanced Industrial Services.
According to court records, Breeden, 52, of the 2000 block of Parkton Lane, West Manchester Township, was accused of taking more than $377,000 from the industrial contracting business over a period of years ending when he was fired in 2010 following a company audit.
He was found guilty Monday of forgery, theft by deception, theft by unlawful taking and receiving stolen property.
Defense attorney Suzanne Smith argued at trial that the company owed the money to Breeden through contractual obligations.
She said Breeden had a verbal agreement to receive shares of the company in 1994 and 1995 and renegotiated his contract for a bonus and payment for unused vacation time in lieu of the shares in 1996.
Senior Deputy Prosecutor David Sunday said AIS owners testified last week at trial that was never part of any agreement or contract with Breeden.
According to a company audit, investigators determined Breeden embezzled the money by giving himself bonuses, claiming unused vacation and forging checks.
"And, during that time, he was recommending laying off people during the economic down turn," Sunday said.
Breeden remains free on $40,000 bail pending his Sept. 28 sentencing.