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10/3/2012: 401(k) Plan Trustees Sentenced to Prison for Embezzling More Than $487,000 (Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL])
"Following a plea agreement entered in the U.S. District Court for the Eastern District of Kentucky, William H. Kiser and Mary Sue Kiser, trustees of the Irotas Manufacturing Co. Inc. 401(k) Plan, have been sentenced to 15 months in prison and three years of supervised release for embezzling funds from the plan. The Kisers also have been ordered to pay restitution."
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