Former Koss Corporation Executive Charged in $31 Million Dollar …

Sachdeva is the former Vice President of Finance, Secretary, and Principal Accounting Officer for Koss Corporation, a publicly traded company located in Milwaukee, Wisconsin. The indictment alleges that Sachdeva used her position at Koss to fraudulently obtain more than $31 million …

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Former Koss Corporation Executive Charged In $31 Million Dollar …

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Former Koss Executive Accused Of Embezzling $31M

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Jan 22, 2010 · A grand jury indicted a former executive of Milwaukee-based Koss Corp. on six charges Wednesday, accusing her of embezzling $31 million from the headphone …

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Ex-Koss Executive Receives Reduced Sentence In $34M …

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Jan 19, 2023 · A former Koss executive accused of embezzling more than $30 million received a sentence of 11 years in prison for six counts of federal wire fraud. Sujata “Sue” Sachdeva, the …

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Koss Corp: Anatomy Of An Alleged $31 Million Fraud - AOL

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Jan 18, 2010 · Sujata "Sue" Sachdeva, the company's former vice president of finance and secretary, was arrested on Dec. 21 for allegedly using interstate wire communications to …

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Complaint Against Koss Corporation And Michael J. Koss

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Sachdeva's embezzlement of over $30 million from Koss. To carry out their fraud, Sachdeva and Mulvaney took advantage ofKoss's inadequate internal controls and failures in overseeing the …

sec.gov

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Embezzlement Scandal Grows In Koss Case – Fraud Files Blog

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The scandal at Milwaukee’s Koss Corporation has ballooned to some $31 million. The company’s former vice-president is facing federal charges and is accused of embezzling $4.5 million. ...

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Former Koss Exec Charged With Embezzling $31M

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Jan 21, 2010 · Industry 4.0; Former Koss Exec Charged With Embezzling $31M. Grand jury indicted a former executive of the headphone manufacturer on six charges Wednesday, …

manufacturing.net

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Mental Plea In Koss Case Likely - Archive.jsonline.com

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Jan 20, 2010 · The attorney for Sujata "Sue" Sachdeva, the former Koss Corp. executive accused of embezzling $31 million from her longtime employer, signaled Wednesday that he plans to …

jsonline.com

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List Of Hudson County Politicians Convicted Of Corruption Charges

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Apr 1, 2015 · Robert Janiszewski, former Hudson County executive: "Bobby J" pleaded guilty in 2002 to taking more than $100,000 in bribes. He was the highest-ranking elected official in …

nj.com

FAQs about Former Koss Corporation Executive Charged in $31 Million Dollar … Coupon?

Did Sachdeva fraudulently obtain $31 million from Koss?

The indictment alleges that Sachdeva used her position at Koss to fraudulently obtain more than $31 million from Koss, which she used to purchase personal items and pay for personal expenses. ...

What happened to Koss?

After discovering the embezzlement, Koss amended and restated its financial statements for fiscal years 2008 and 2009 and the first three quarters of fiscal year 2010. Both Sachdeva and Mulvaney have been terminated by the company. ...

Who is Michael Koss?

Her thievery lasted a decade, and Michael Koss, the chief executive officer at the company founded by his father, was chastised by corporate governance officials for failing to spot Sachdeva's thefts. Koss declined comment this week about Sachdeva's impending release. ...

When did Koss start embezzlement?

According to the SEC’s complaint, filed in U.S. District Court for the Eastern District of Wisconsin, the scheme began in 2004 and lasted through December 2009. After discovering the embezzlement, Koss amended and restated its financial statements for fiscal years 2008 and 2009 and the first three quarters of fiscal year 2010. ...

Did Koss prepare false financial statements?

Based on the fraudulent records prepared by Sachdeva and Mulvaney, Koss prepared materially false financial statements and filed materially false current, quarterly, and annual reports with the SEC. ...

How did Sachdeva use money from Koss's bank account?

In addition, Sachdeva used money from Koss’s bank accounts to fund numerous cashier’s checks, which she also used to pay her personal expenses. Sachdeva used the money she fraudulently obtained from Koss to purchase personal items including women’s clothing, furs, purses, shoes, jewelry, automobiles, china, statues, and other household furnishings. ...