Sunday, January 11, 2009
Illinois Man Sentenced In $1.5 Million Scheme To Defraud His Employer
Michael A. Pallagi, 58, of Maryville, Illinois and the former project manager at Steris Corporation, pleaded guilty to defrauding the company of some $1.5 million over an eight year period. Pallagi set up to phony companies, Performance Packaging, and Performance Concepts, which billed Steris fraudulently. He plead guilty in October to one felony count of mail fraud and was sentenced to 46 months in prison, plus restitution. Under the plea agreement, he as agreed to give up his home in Maryville, which had improvements from some of the ill-gotten gains, according to prosecutors. Pallagi admitted he spent the money on himself, supporting a lavish lifestyle, buying luxury cars and making home improvements.