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Tag >> embezzlement
Nov 19

Ex-finance exec embezzler gets 11 years

Posted by Stephen Taub in indictmentGrant Thornton, employee, embezzlementcompliance

Stephen Taub

The former finance executive of Koss whose audacious $34 million embezzlement almost plunged the headphones maker into bankruptcy was sentenced to 11 years in prison.

Sujata Sachdeva, the company's former  vice president of finance, secretary, and principal accounting officer, allegedly used the money to pay for her American Express credit card bills and to purchase personal items including women's clothing, furs, purses, shoes, jewelry, automobiles, china, statues, and other household furnishings, according to US Attorney James L. Santelle in the original indictment back in January.

Jul 19

Shopaholic CFO agrees to felony charges

Posted by Going Concern in embezzlementcomplianceCFOsCareers/ManagementauditingauditAccounting

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

Late on Friday, it was reported that Sue Sachdeva will plead guilty to six felony counts in the Koss embezzlement case that was discovered at the end of last year.

Jan 28

Koss exec scandal looking less like an addiction

Posted by Going Concern in shoppingentrepreneurshipembezzlementcomplianceCFO

Going Concern

Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.

It's been a few days since we had read anything on embezzler of the year 2009, Sue Sachdeva. We figured the whole thing was on the fast track to getting resolved since her attorney started claiming that the woman has an addiction. Well today, we checked in over at Fraud Files Blog where Tracy Coenen has come up with a theory that blows the whole shop-until-you-die argument out of the water.

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