Thursday, February 20, 2014

Wisconsin Man Indicted For Allegedly Embezzling $300K In Vendor Fraud & Kickback Conspiracy Scheme

From the Sheboygan Press on 2/19/14:

A Manitowoc man is facing multiple federal indictments after allegedly embezzling more than $300,000 from his Sheboygan employer.

Paul H. Lachappelle Jr., 40, was indicted by a grand jury Wednesday on four counts of tax evasion and 10 counts of wire fraud after an investigation found he embezzled from Nemschoff Chairs, according to a press release from Criminal Investigation Division of the Internal Revenue Service.

According to the indictment: Lachappelle, a maintenance technician, began stealing parts from Nemschoff in 2009.

After taking the parts, he completed acquisition requests for replacement parts, which were ordered from a supplier in Florida.

Unbeknownst to Nemschoff, Lachappelle had entered into an agreement with the vendor where he received a 50 percent kickback on the value of the order by sending the replacement parts back to the supplier.

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Read the whole story here.

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