Tuesday, December 29, 2009
Update: Koss Embezzlement Now Estimated At $20 Million
Sujata "Sue" Sachdeva, 46, of Mequon, Wisconsin, who has been charged in a criminal complaint with wire fraud in connection with the alleged embezzlement of more than $4.5 million from Koss Corp., is now believed to have embezzled more than $20 million from the Milwaukee-based publicly traded company, according to reports. Sachdeva was the company's Vice President of Finance for Koss and had been an employee since 1992. She has since been fired from the company and an internal investigation is still underway.
Read FraudTalk's original post here.
Milwaukee Business Journal updates story and quotes Chris Marquet here.