Our network

Embezzler who nearly put Village Market out of business punished | Business

Title (Max 100 Characters)

Embezzler who nearly put Village Market out of business punished
Business, Crime, News, People
Embezzler who nearly put Village Market out of business punished

PORTAGE, Mich.—A former comptroller is heading to federal prison for stealing from his employer.

A judge Monday sentenced 42-year-old Christopher Earl Pratt of Portage to 87 months in prison.  The U.S. Attorney’s Office says Pratt abused his position as comptroller to steal from Village Market Food Centers, leading to the closure of at least three stories and 170 lay-offs.  Village Market nearly went out of business before discovering Pratt’s crimes, which took place over seven to eight years.  The U.S. Attorney’s Office says Pratt used the stolen money to buy and refurbish more than 40 muscle cars.  The FBI recovered many of the vehicles and turned them over to a receiver, who is trying to recover Village Market’s lost assets.

As part of his punishment, Pratt must pay more than $6.5 million in restitution.  He also faces three years’ probation when he’s released.

Business, Crime, News, People