Miller Coors Executive, Others Charged With $7 Million FraudMay 7, 2015
A former MillerCoors marketing executive has been indicted in federal court in Chicago on charges of fraud against the company. David Colletti, the senior director of national on-premise chain accounts before he was terminated in 2013, was charged in a 20-count indictment of defrauding MillerCoors of at least $7 million. Seven co-defendants allegedly involved in submitting false invoices and billing the company for fictitious promotional events were indicted along with the 58-year-old Colletti. Each count of fraud carries a maximum prison sentence of 20 years and a fine of $250,000.
Last September MillerCoors filed a separate civil suit against Colletti and another former marketing executive, Paul Edwards, along with a dozen other people and some 15 companies, in circuit court in Milwaukee alleging the defendants had embezzled more than $10 million from MillerCoors through faked invoices over the period of a decade. The civil proceedings have been put on hold pending the outcome of the criminal case. Eugene Murphy, the Chicago attorney representing Colletti in both cases, was quoted as saying: “We are in the process of working through these issues both criminally and civilly with MillerCoors and the federal government.”
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