Thursday, February 25, 2010

Missouri Man, In-house Vendor To Bass Pro Shop, Arrested In Nearly $1/2 Million Embezzlement Scheme

Eugene Lee Black, 52, of Pleasant Hope, Missouri, described as an independent vendor with a concession business inside Bass Pro Shop's main location in Springfield, has been arrested for allegedly operating an embezzlement scheme that bilked the company out of at least $457,750.82. Black is alleged to have inflated the cost of goods sold from his concession, known as The Little Glass Shack, at Bass Pro cash registers, causing the company to reimburse him for significantly more than the items were worth. Authorities believe Black's scheme dates back to 2002 and lasted until this year. Black reportedly confessed to the thefts, claiming he did it because he was having financial difficulties. Black's business has been operating within Bass Pro Shop for 20 years.

Read the story here, here and here.

No comments: