Laser Saver owner pleads guilty to stealing 401(k) contributions — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Laser Saver owner pleads guilty to stealing 401(k) contributions

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Gregory Lockhart, owner of Laser Saver Inc., a printer cartridge remanufacturer in Columbus, has pleaded guilty to willful failure to file financial reports for the company’s 401(k) plan with the U.S. Department of Labor.

As part of his plea agreement, Lockhart agreed to repay contributions that he withheld from employees’ paychecks since August 2003 and failed to deposit. He faces up to 10 years in prison and $250,000 in fines

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