Play 23 different addictive eWoss Games. It's FREE! Win money!
eWoss News
Home  News  Sports  Games
   
Welcome Guest
   Sign Up | Sign In
Business News
Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance

eWoss News
Breaking News Headlines
Top News Stories
U.S. National News
World News
Sports News
Business News
Entertainment News
Tech Industry News
Political News
Science News
Health News
Weird News

eWoss NewsBar
Free News Headlines Embedded in Your Browser

eWoss Sports
eWoss Sports Home
NFL
NBA
NCAA Football
College Hoops
NHL
MLB

Latest Business News

Former Wal-Mart Exec Sentenced for Theft

Friday, August 11, 2006 5:06:18 PM

 Former-Wal Mart Stores Inc. vice president Tom Coughlin, left, and his wife Cynthia, right, leave a Fort Smith, Ark., federal courthouse after he pleaded guilty to fraud and filing a false tax return in a file photo from Jan. 31, 2006. The former No. 2 executive at Wal-Mart Stores Inc. is sentenced after pleading guilty to stealing money, merchandise and gift cards worth just a fraction of his base salary and stock holdings. Thomas Coughlin, 57 and a protege of late Wal-Mart founder Sam Walton, faces a maximum of 28 years in prison and could be fined $1.35 million.  (AP Photo/April L. Brown, File)FORT SMITH, Ark. (AP) - A former No. 2 Wal-Mart executive who began his career as the company's theft prevention chief was sentenced Friday to 27 months in home detention after pleading guilty to stealing money, merchandise and gift cards from the retailer.

Thomas Coughlin, 57, avoided any prison time, but was ordered also to serve five years probation, and pay a $50,000 fine and about $411,000 in restitution to Wal-Mart Stores Inc. and the Internal Revenue Service.

Prosecutors had asked for Coughlin to serve six months to a year in prison, but U.S. District Judge Robert Dawson agreed with a doctor who testified that Coughlin's health was too poor for him to enter prison.


Would you like to read the rest of this article?

Register with us. It's free!

Registered users have complete access to all articles.

The registration process takes less than one minute to complete. Remember, there is absolutely no charge for this service.

So please sign up or sign in to enjoy unrestricted access to eWoss News.

Other Latest Business News

Fed: Economy darkens heading into holidays 1:01PM CT
Chrysler exec: failure could spark depression 12:50PM CT
UAW to renegotiate labor terms, modify jobs bank 12:38PM CT
EU clears BNP Paribas to buy most of Fortis bank 12:28PM CT
Group finds fewer toys with high lead levels 12:26PM CT
Online retailers see surge on 'Cyber Monday' 12:24PM CT
Bally Total Fitness again files for Chapter 11 12:17PM CT
FDA says Allergan drug enhances eyelashes 12:06PM CT
Late challenge to $4.7B bid for Constellation 12:05PM CT
Mining giant Freeport-McMoRan slashes more jobs 12:03PM CT

   

© 2008 eWoss.com. All trademarks are the property of their respective owners. All Rights Reserved.
Copyright 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.