Former CEO sentenced to prison for nationwide coupon fraud

MILWAUKEE (AP) — The previous CEO of the nation’s largest coupon clearinghouse has been sentenced to 10 years in jail and greater than $sixty five million in restitution on wire fraud and conspiracy expenses.

Sixty-three-yr-previous Thomas Balsiger of El Paso, Texas, was CEO of Worldwide Outsourcing Providers. He was convicted in December following a monthlong trial and was sentenced earlier this week in Milwaukee.

Balsiger was amongst almost a dozen individuals who have been indicted. Courtroom paperwork alleged Worldwide Outsourcing executives systematically defrauded shops and producers throughout the nation by cashing tens of millions of coupons that weren’t used. Most defendants reached plea agreements.

Balsiger argued investigators did not perceive the coupon enterprise and alleged prosecutor misconduct.

Get breaking information despatched immediately to your inbox

Copyright 2017 The Related Press. All rights reserved. This materials will not be revealed, broadcast, rewritten or redistributed.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *