ATLANTA (AP) - Federal prosecutors say a former Coca-Cola employee has been sentenced to more than two years in an embezzlement scheme.
Authorities said Monday that 40-year-old Jeffrey David Shamp, former Coca-Cola senior national account executive, was sentenced to two years and three months in prison for embezzling more than $400,000 in corporate American Express gift checks from the company.
Authorities say Shamp was based in Massachusetts and worked for Coca-Cola between 2002 and 2011. Prosecutors say Shamp fraudulently obtained American Express gift checks that were meant to be used as part of the company’s sales incentive program. Prosecutors say Shamp used the money to pay personal expenses - including rent and alimony payments.
Prosecutors say Shamp pleaded guilty to wire fraud and is ordered to pay $411,440 in restitution to Coca-Cola.
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