Joseph B. Van Gronigen, 41, of Hillsboro, Missouri, was indicted yesterday on charges he embezzled more than $400,000 from Cepia, LLC, a Clayton, Missouri-based company that makes Zhu Zhu pets, for whom he had been employed as company controller. According to the indictment, Van Gronigen's scheme lasted from September 2007 to January 2010. He faces up to 20 years in prison, plus fines up to $250,000 for each of the two counts of mail fraud he has been indicted on, plus restitution.
Read the story here and here.
Update (6/18/11): Van Gronigen has been sentenced to 20 months in prison for embezzling what is now believed to be $500,000 from Cepia, LLC, the maker of Zhu Zhu pets. He had plead guilty last January to one felony count of mail fraud.
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