Former Shoe Company Executive to Plead Guilty to Embezzling $30 million
By EsqSocial Corporation 19/04/21
The former CFO of Alden Shoe Co., a Massachusetts-based shoe company, will plead guilty to wire fraud, unlawful monetary transactions, and filing a false tax return. According to the Massachusetts U.S. Attorney’s Office, Richard Hajjar, 64, embezzled more than $30 million from Alden by writing checks to himself and transferring money from the company to his personal accounts beginning in at least 2011 and lasting until 2019, when the scheme was discovered and he was fired. To cover his crimes,...
By: Pietragallo Gordon Alfano Bosick & Raspanti,