Former Wal-Mart Executive Sentenced to Home Confinement for Embezzlement
We reported in a post in January that former Wal-Mart vice chairman Thomas M. Coughlin had agreed to plead guilty to five counts of wire fraud and one count of tax evasion in connection with his use of company money to pay for personal expenses.
The White Collar Crime Prof Blog reported in a post last week that Coughlin was sentenced to a 27-month term of home confinement. According to the blog, although the Sentencing Guidelines called for a prison term of over two years, and prosecutors recommended six to twelve months in prison, U.S. District Judge Robert Dawson accepted the testimony from Coughlin's doctor that various illnesses made him too fragile to serve a prison term because he was "57 going on 87."
See further details about the sentencing in a Reuters news release here.