James W. Foremsky, 62, of Topeka, Kansas and the former Chief Financial Officer of Emporia, Kansas-based Vektek Inc., was sentenced to 57 months in prison for embezzling some $2.7 million from the company. Foremsky plead guilty last March to one count of wire fraud and his wife, Susan Foremsky, 57, plead guilty to one count of accessory after the fact in connection with the embezzlement. Susan received a sentence of 24 months in prison. They must also pay full restitution. According to prosecutors, the couple admitted to embezzling the funds between June 1995 and November 2007 and using it to maintain a lavish lifestyle that included expensive vacations, vehicles and horses.
Read FraudTalk's earlier posts on this story here and here.
Read the story here and here.
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