A former Coca-Cola executive, Jeffrey David Shamp, has been sentenced to two years and three months in prison for siphoning over $400,000 in corporate American Express gift checks for his personal use.
Shamp, a Senior National Account Executive with The Coca-Cola Company, was found to have fraudulently obtained American Express gift checks under the false pretense that the checks would be used as part of a sales incentive program for Coca-Cola’s customers.
However, the checks were actually used to pay for over $400,000 in personal expenses, including alimony and rent payments, and as gifts to friends and relatives.
Shamp, 40, of Cincinnati, Ohio, pleaded guilty to one count of wire fraud before United States District Court Steve C. Jones on February 27, 2014.
United States Attorney Sally Quillian Yates stated that corporate employees who steal hurt their employer, fellow colleagues, their customers, and the community.
Shamp was ordered to pay $411,550 in restitution to The Coca-Cola Company, in addition to his prison sentence.
This case was investigated by the United States Secret Service and the Internal Revenue Service Criminal Investigation. Assistant United States Attorney Steven D. Grimberg prosecuted the case.
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Key Facts
- State: Georgia
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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