Federal charge filed against former MillerCoors official

[Omaha Steve]

Source: AP

CHICAGO (AP) — A former vice president at MillerCoors and seven other defendants are facing federal charges, accused of defrauding the company of at least $7 million, the U.S. Attorney's Office in Chicago announced Wednesday.

Dave Colletti, 58, of Chicago, was charged with one count of wire fraud in a federal indictment filed Tuesday in Chicago. The seven other defendants also face fraud charges in the 20-count indictment.

The indictment did not identify Chicago-based MillerCoors, referring only to a brewing company as a victim in the case. But MillerCoors acknowledged the charges Wednesday and said it was satisfied with the investigation.

"All along we've sought justice for the millions of dollars stolen from our company as these actions are intolerable and inexcusable," MillerCoors said in a statement.

FULL story at link.

Read more: http://bigstory.ap.org/article/1fc9765b6f6742e8813be5d59429af06/federal-charge-filed-against-former-millercoors-official

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They aren't on Wall St. They will get jail time.

[lonestarnot]

1. Good. Pugs at play means some type of theft.

[SoapBox]

2. Sheesh...does it seem like everybody is a crook?

Sheesh.

[fbc]

3. Crime against a company? That they can prosecute

[Bossy Monkey]

4. With great fraud comes great responsibility. n/t

[FSogol]

5. When defrauding a company, know when to say when....