Montana Business Owner Accused Of Misappropriating $144K From Employee Benefit Plans

Michael Paul Molitor, 44, of Boulder, Montana, has been accused in two civil federal lawsuits alleging he misappropriated $144,400 from employee retirement accounts at his company, M.S. Molitor Trucking and MD Service. According to the suits, Molitor, over a period of 3 1/2 years between September 1, 2004 through March 31, 2008, failed to make deposits of funds taken from employee paychecks. Read the story here. Update (4/1/11): Molitor has been sentenced to five years probation with one year house arrest, and ordered to pay $37,891 in restitution.