Skip to Content
Call Us Today! 480-245-5550

CEO Gets Prison for Embezzlement - Embezzlement Attorney Mesa AZ


A former CEO of mattress manufacturer Latex International was sentenced earlier this month to prison for embezzling about $1.7 million in what prosecutors said was a scheme to pay for “an absurdly extravagant lifestyle.”

Kevin Coleman of Waseca, Minn., was sentenced in federal court in Bridgeport to 70 months in prison. Coleman pleaded guilty to single counts of wire fraud and tax evasion in February.

The U.S. District Judge also ordered Coleman to pay more than $1.7 million in restitution to the company, as well as $1.3 million in back taxes, penalties and interest.

While this is a huge case, involving a large corporation and its CEO, in Arizona embezzlement charges can range from misusing corporate credit cards and forging checks to committing employee theft and making fraudulent payments to vendors. The penalties in an embezzlement case are linked to the amount of money taken and therefore, the potential penalties can be disastrous.

If you are under investigation for or have been charged with embezzlement in Arizona, contact embezzlement lawyer Charlie Naegle at Naegle & Crider Criminal Defense Attorneys today. Call 480-378-9000 to schedule your free anytime, anywhere consultation. When you hire Naegle & Crider Criminal Defense Attorneys, you work directly with Charlie Naegle.

Share To: