ATLANTA (WRCB/AP) -- A former Home Depot employee has been sentenced to serve more than two years in federal prison after prosecutors say he schemed to defraud the company.

The U.S. Attorney's office in Atlanta said in a statement, Tuesday, 43-year-old Ronald Douglass Matheny II of Chattanooga, was charged with conspiracy to commit mail fraud and wire fraud and conspiracy to commit money laundering.

The statement says Matheny will serve two years and three months in prison, followed by three years of supervised release. Matheny must also pay $502,000 in restitution and a fine of $7,500 and perform 200 hours of community service.

Prosecutors say Matheny accepted more than $1.4 million in bribes to buy items for resale in Home Depot stores on terms that were not the most advantageous for the company.