Thats why you do background checks when hiring staff.
After being caught once, the judgement will show in your record for 7 years. Most employers would be adviaed to steer clear of such fraudulent employees
In this case, it's not clear if the guilty plea was for embezzlement of all the money or got reduced to some minor misdemeanor that looks like a marijuana conviction on a background check. But still somebody will look past it on check, even Anthony Levandowski got investor money after his convictions.
I believe this as well. My co-worker will have no problem getting another high-profile role in tech. His embezzlement will be seen as go-getter material.