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.

Arizona CEO pleads guilty to stealing $8.8M from employee benefit plan

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.