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Dec26
How the VP of Finance at Koss steals millions
Filed under: The-Lionheart-Group; Tagged as: accounting, finance, finance-at-koss, financial, over-the-last, personal, position, president, sachdeva, scam busting, the-accounting, the-financial, The-Lionheart-Group, the-original, yearNo CommentsThis week Koss Corp (NASDAQ:KOSS) announced that Sujata “Sue” Sachdeva was fired from her position as Vice President of Finance for stealing at least $4.5 million from the company. Two members of the accounting staff Sachdeva supervised were suspended without pay. And then the estimate of losses went up to $20 million . The theft occurred between 2006 and 2009, and the company has said that none of the financial statements for those years can be relied on. The fraud scheme was simple: She used the company’s money to buy millions of dollars of clothing and jewelry See the original post: How the VP of Finance at Koss steals millions
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How the VP of Finance at Koss steals millions
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