Ohio Man Sentenced Based on Embezzlement Plea

Gregory A. White, United States Attorney for the Northern District of Ohio, announced yesterday that John D. Chiappetta, of Richmond Heights, Ohio, was sentenced to 38 months imprisonment, followed by 3 years of supervised release, based on his previous guilty pleas to, among other things, two counts of embezzlement from a health care benefit plan sponsored by his now-defunct company, Euclid & Wickliffe Services, Inc (“E&W”).  E&W was a custom sheet metal fabricating company based in Eastlake, Ohio. Chiappetta admitted that from approximately January 1 through June 4, 2001, he embezzled $29,137.50 of health care premiums withheld from the payroll of 90 employees and $2,199.33 of COBRA premiums paid by two former employees health care premiums by causing E&W to make substantial expenditures for his personal benefit and for other E&W business purposes, while at the same time failing to make timely payments of those withheld and COBRA premiums.

See the full release here.