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Electronics Production | July 05, 2006

Ex Jabil employee privately spent<br>$1.8 million of the company´s money

According to S:t Petersburg Times Patrick Henry Stewart, a former Controller at Jabil has plead guilty for spending 1.8 million of the company´s money.
Stewart´s charges carry a maximum potential sentence of 20 years in prison and fines of $250,000 but the court has decided to lower the penalties since Stewart admitted the crime.

Stewart used the company´s checks for privare payments and kept each check under $50,000 so that he wouldn´t need to obtain a second signature. Stewart used the money to buy a car, fundings of home improvements and many other things.

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