Saturday, January 30, 2010
Update: Sachdeva Pleads Not Guilty In $31 Million Alleged Embezzlement At Koss Corp.
Sujata "Sue" Sachdeva, 46, of Mequon, Wisconsin, pleaded not guilty yesterday to charges she embezzled as much as $31 million from Koss Corporation, a publicly traded head phone manufacturer where she had been employed as Vice President of Finance, Secretary, and Principal Accounting Officer. According to the indictment, Sachdeva authorized numerous massive wire transfers of funds from company bank accounts to pay for her American Express credit card bills and obtained cashier's checks to pay for personal expenses, among other things. The scheme dates back to at least 2004, according to reports. Her trial is scheduled for April 19th.
Read the story here.