« Former accountant sentenced to 14 years for $10.8 million embezzlement | Main | 3 Florida Men Plead Guilty to $35 Million Embezzlement »

Defendants to Plead Guilty in $6.4 Million Nestle Embezzlement Case

Two Pennsylvania men, Henry Machinski and Vincent Marchese, will each plead guilty to four felony charges in connection with embezzling $6.4 million from food giant Nestle USA. The U.S. Attorney said the plea agreement calls for the defendants to serve five to six years in prison.

Prosecutors said Machinski, then a sales manager for Nestle USA, created false invoices from an "A&P" grocery store and sent them to Nestle in Glendale, Calif. Marchese, who had no connection to the real A&P grocery chain, deposited the payments from Nestle in a bank account he set up in the name of "AP," according to prosecutors. The scheme netted $6.4 million between September 2001 through June 2005, when Nestle's auditors discovered it.

Marchese's lawyer said his client had a gambling problem that led him to commit the crime.

See the full story here.

TrackBack

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d83455b64e69e200d83533e31153ef

Listed below are links to weblogs that reference Defendants to Plead Guilty in $6.4 Million Nestle Embezzlement Case:

Comments

Post a comment

Comments are moderated, and will not appear on this weblog until the author has approved them.

If you have a TypeKey or TypePad account, please Sign In.

Back to home

Subscribe to this blog by email


Subscribe to this blog's feed


Subscribe in NewsGator Online

Contact Us Today!