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: Breaking Legal NewsFormer Koss exec facing sentence for embezzlement
By (Breaking Legal News)
The former Koss Corp. executive accused of embezzling $34 million from the headphones manufacturer faces sentencing in federal court in Milwaukee.
Koss chief executive Michael Koss is asking the judge to sentence Sue Sachdeva (SUCH'-dayv) Wednesday to the maximum 15 to 20 years.
In a letter to Judge Lynn Adelman, Koss says Sachdeva "stole from the hardworking employees of the company and their families, and ultimately the stockholders of the company."
The company was forced to restrict wages and salary increases because of the loss.
Sachdeva pleaded guilty to six charges against her and said she was driven to embezzle by a compulsive shopping disorder. Her defense attorneys are asking the court to impose a sentence that's "sufficient but not greater than necessary."
Full post as published by Breaking Legal News on November 17, 2010 (boomark / email).
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