World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom


Keep up-to-date with the latest new products and technology


General articles, applications and industry analysis

Prison for $1m Carrier embezzler

10832435_sUSA: A former Carrier accounting manager has been sentenced to 12 months in prison for embezzling more than $1m from the US air conditioning business.

Ryan King, 44, was employed by Carrier as an accounting manager between June 2013 and April 2014.  He was entrusted to oversee Carrier’s financial transactions including cost accounting, hourly payroll and preparation of financial statements among other duties.

Shortly after being appointed, King opened a personal bank account in the name of “Carrier Services” and instructed various vendors to make payments in the form of cheques made out to that company name. 

When King received the checks he diverted the money by depositing the checks into his personal account. He also sent inflated invoices by fax to several vendors and instructed the vendors to wire the over payment to his personal account. In total, $1,095,201 was diverted to his personal account.

Pre-charge, the government recovered over $500,000 from various savings and investment accounts and assets owned by King. These monies and assets will be applied toward the $1,233,343.80 in restitution ordered by the Court.

King was also sentenced to six months of home detention during two years of supervised release following his release from prison.


Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.