Steven E. Whiting, the former owner of Badger Die Casting, Inc. was sentenced today to 90 months in federal prison. He will also serve three years on supervised release and pay $921,000 in restitution. Whiting was convicted by a jury in May 2005 of ten counts of criminal conversion. He was convicted for spending employees’ health insurance premiums on personal items, leaving the employees without health insurance coverage.
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About the Author
Tracy Coenen is a forensic accountant and fraud examiner who investigates white collar crimes, including cases of financial statement fraud, embezzlement, tax fraud, and insurance fraud. She is the author of Essentials of Corporate Fraud and more than 100 articles on fraud featured in industry publications.
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