News Formal

Ex-president of Santa Clara metal finishing company sentenced to prison for fraud

  • 📰 mercnews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Prosecutors said Harry Corl III used corporate funds to buy jewelry from Tiffany & Co, lease a Ferrari 599 GTB.

SAN JOSE – The ex-president and CEO of a Santa Clara-based metal finishing company who improperly used corporate funds to buy jewelry from Tiffany & Co. and lease a Ferrari has been sentenced to 2½ years in federal prison, according to authorities.San Jose mom charged in baby’s fentanyl death expected to be released to await trial

From 2008 to 2014, Corl and his estranged wife, Kim Corl, served as executive officers for Nu-Metal Finishing Inc. and trustees of its employee stock ownership plan, prosecutors said in a sentencing memorandum. The plan provided retirement benefits and savings to employees by purchasing and investing stock for their benefit.

The plan and another shareholder, however, owned more than 50% of Nu-Metal’s outstanding stock and were owed their corresponding portion of the sale proceeds.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 88. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Santa Clara tech campus lands leases, offering hope for real estate marketNew leases total more than 100,000 square feet.
Källa: mercnews - 🏆 88. / 68 Läs mer »