RICHMOND — A Texas company is suing its former financial controller claiming he illegally deposited more than $25,000 of the company's funds into various non-company accounts.
NCS Subsea Inc., filed a complaint March 23 in the Fort Bend County District Court against Mark Smetters alleging conversion and negligence.
NCS hired Smetters as a financial controller on May 18, 2015. They allege that on March 16, 2018, Smetters deposited $684.56 of their funds into a bank account belonging to someone else without their consent. NCS claims Smetters also illegally deposited and conducted self-dealing transactions totally more than $25,000 in funds into other accounts from March 2019 through July 2019 without approval.
NCS seeks monetary relief of $100,000 or less, interest and all other just relief. They are represented by Will Rutledge and Carl Dore, Jr., of Dore Rothberg McKay PC in Houston.
Fort Bend County District Court case number 20-DCV-272575