So I Guess Even HE Needs a Helping Hand
Taken from cnn.com:
FORT SMITH, Arkansas (AP) -- A former top-ranking executive at Wal-Mart Stores Inc. pleaded guilty to fraud and tax charges Tuesday, admitting that he stole money, gift cards and merchandise from the world's largest retailer.
Tom Coughlin, 57, faces a maximum of 28 years in prison after pleading guilty to five counts of wire fraud and one count of filing a false tax return. He also could be fined $1.35 million. The judge ordered a presentencing report that will take up 10-14 weeks to prepare. Wal-Mart lawyers referred Coughlin, once a protege of Wal Mart founder Sam Walton, to federal prosecutors after discovering Coughlin had embezzled money from the company and used expense vouchers to buy products as varied as snakeskin boots, hunting trips and Bloody Mary mix. They estimated losses at up to $500,000. In federal court, Coughlin spoke only when he was asked questions by U.S. District Judge Robert Dawson. Afterward, defense lawyers issued a statement in which Coughlin accepted responsibility for "serious personal mistakes in judgment."
Wow. Does that mean he might ACTUALLY GO TO JAIL? Better yet, I think a better punishment would to wear the snakeskin boots while he greets customers at a Wal Mart in his new job capacity as a greeter, earning minimum wage, no health insurance and living in a one room apartment.
FORT SMITH, Arkansas (AP) -- A former top-ranking executive at Wal-Mart Stores Inc. pleaded guilty to fraud and tax charges Tuesday, admitting that he stole money, gift cards and merchandise from the world's largest retailer.
Tom Coughlin, 57, faces a maximum of 28 years in prison after pleading guilty to five counts of wire fraud and one count of filing a false tax return. He also could be fined $1.35 million. The judge ordered a presentencing report that will take up 10-14 weeks to prepare. Wal-Mart lawyers referred Coughlin, once a protege of Wal Mart founder Sam Walton, to federal prosecutors after discovering Coughlin had embezzled money from the company and used expense vouchers to buy products as varied as snakeskin boots, hunting trips and Bloody Mary mix. They estimated losses at up to $500,000. In federal court, Coughlin spoke only when he was asked questions by U.S. District Judge Robert Dawson. Afterward, defense lawyers issued a statement in which Coughlin accepted responsibility for "serious personal mistakes in judgment."
Wow. Does that mean he might ACTUALLY GO TO JAIL? Better yet, I think a better punishment would to wear the snakeskin boots while he greets customers at a Wal Mart in his new job capacity as a greeter, earning minimum wage, no health insurance and living in a one room apartment.
posted by Charon at 1:35 PM
<< Home