Sentencing Postponed in Koss Embezzlement Case
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MILWAUKEE (AP) -- The sentencing for a former Koss Corp. executive accused of embezzling about $34 million has been postponed a month to November.
Sujata "Sue" Sachdeva agreed in July to plead guilty to all six felony frauds counts against her. She's also agreed to pay an estimated $34 million in restitution to Koss Corp.
She will be sentenced Nov. 18 in federal court in Milwaukee. She was to be sentenced Oct. 18.
The 46-year-old is the former vice president of finance for the Milwaukee stereo headphone manufacturer. She has been free on a $50,000 signature bond.
The Milwaukee Journal Sentinel reports Sachdeva spent the money on luxury clothing, furs, jewelry, shoes, art objects, vacations and improvements to her Mequon home.
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Information from: Milwaukee Journal Sentinel, http://www.jsonline.com
(Copyright 2010 by The Associated Press. All Rights Reserved.)
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