Arizona CEO pleads guilty to stealing $8.8M from employee benefit plan
A Scottsdale, Arizona, man has pleaded guilty in federal court in Maryland to embezzling more than $8.8 million from an Employee Retirement Income Security Act (ERISA) benefit plan, the Justice Department announced.
TL;DR
- A Scottsdale, Arizona, man has pleaded guilty.
- The plea occurred in federal court in Maryland.
- He is accused of embezzling more than $8.8 million.
- The funds were taken from an Employee Retirement Income Security Act (ERISA) benefit plan.
- The Justice Department announced the development.