A Topeka couple accused of embezzling from an Emporia manufacturer will spend time in prison and lose their house, cars and bank accounts.
James W. Foremsky, 62, and Susan A. Foremsky, 57, were sentenced Wednesday in U.S. District Court. James Foremsky was sentenced to 57 months in federal prison for one count of wire fraud. Susan Foremsky was sentenced to 24 months in federal prison for a single count of being an accessory after the fact to wire fraud, according to Jim Cross, media officers for U.S. Attorney for Kansas, Lanny Welch. The Foremskys pleaded guilty in March.
The couple was ordered to pay $2.6 million in restitution. As part of their pleas, they agreed not to contest civil forfeiture of their house, four cars and contents of two bank accounts, Cross said.
In his plea, James Foremsky admitted stealing money from Vektek, 1334 E. Sixth Ave. He had been the company’s chief financial officer from June 1995 to Nov. 8, 2007.
“During that time,” Cross said, “he had control over all of Vektek’s finances including the company’s bank accounts.”
The money was used to maintain a lavish lifestyle for him and his family including expensive vacations, bar tabs, meals, new vehicles, mortgage payments and a hobby maintaining and showing jumping horses.
“He altered internal checkbook spreadsheets and moved funds between accounts in an attempt to cover up the thefts,” Cross said.
Deepthoughts (anonymous) says...
I bet he was planning on paying back all the money he 'borrowed' though, right?!
Hopefully Vektek can make up for the money that was stolen from them.
September 10, 2009 at 4:12 p.m. ( permalink | suggest removal )
jones743 (anonymous) says...
Perhaps now is the time to put away the ones that stole from Didde and closed the plant.
September 13, 2009 at 5:13 p.m. ( permalink | suggest removal )