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Mon January 14, 2013
Man Sentenced In Theft From Coast Guard
A 48-year-old Denham Springs man has been sentenced to a year and a day in federal prison after admitting he stole $127,600 in high-tech equipment from the U.S. Coast Guard and sold it to people in the United States, Sweden and Colombia.
The Advocate reports Raymond L. Beavers told U.S. District Judge James J. Brady Thursday he sold the equipment because of a gambling problem.
Assistant U.S. Attorney Alan A. Stevens said Beavers spent some of the money on tickets and trips to LSU athletic events.
According to Beavers' indictment, the stolen items included Tektronix digital oscilloscopes and Cisco computer network switches.
In addition to the prison term, Brady ordered Beavers to pay $127,600 in restitution to the Coast Guard.