Senior Wal-Mart Exec Enters Guily Plea

We last reported on January 9th 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; see post here. On Tuesday, Coughlin entered his pleas before U.S. District Judge Robert T. Dawson in Fort Smith, Arkansas.

In a statement distributed by his lawyer, Blair G. Brown of Zuckerman Spaeder in Washington, Couglin said: "Today I accepted responsibility for serious personal mistakes in judgment.  I regret the embarrassment this matter has caused my family and friends, and I thank them for their support, love and friendship."

See the full story here on Bloomberg News.