Shoe company exec to plead guilty to embezzling $30M.
BOSTON (AP) — A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company. Federal prosecutors said Wednesday that Richard Hajjar, the former chief financial officer of Alden Shoe Co., agreed to plead guilty to wire fraud, unlawful monetary transactions and filing a false tax return. Prosecutors say the 64-year-old Duxbury man embezzled the money from 2011 until he was fired in 2019, by writing checks to himself from company bank accounts and transferring funds from company accounts to his personal accounts. He used the money for jewelry and trips. His attorney said Hajjar has accepted responsibility.
-Associated Press
