Former Wal-Mart Executive to Plead Guilty (to fraud)

[UpInArms]

Former Wal-Mart Stores Inc. vice chairman Tom Coughlin will plead guilty to defrauding the world's largest retailer and to not paying federal income tax on his ill-gotten gains, a member of his legal team said Friday.

The lawyer, who claimed to be restricted by grand jury secrecy, said Coughlin, a former protege of company founder Sam Walton, would appear in court Tuesday in Fort Smith, Ark., and agree to a plea bargain.

Coughlin resigned from the Bentonville, Ark.-based retailer last March when the company asked federal prosecutors to look into their allegations that he had tricked the company out of at least $500,000 over several years. The matter was taken up by a grand jury, which meets in secret.

<snip>

The case raised eyebrows among Wal-Mart's union critics because Coughlin, according to Wal-Mart's own lawsuit, claimed the reimbursements were for money he spent out of pocket for a "union project" aimed at keeping organized labor out the stores.

...more...

[cyberpj]

1. For More Info - SEE THE MOVIE.

http://www.walmartmovie.com/

[Rex]

2. Wal-Mart black ops

He can neither confirm nor deny his employment in Wal-Marts uber-secret, Delta Department. :crazy:

[ima_sinnic]

3. sheesh, like $900 gazillian/yr isn't enough.

May they all--this guy, his bosses, all of them--swirl down the drain like the putrid feces they are.