$6 million fraud scheme earns five years in prison — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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$6 million fraud scheme earns five years in prison

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in Human Resources

Chad Jurgens of Big Lake will spend the next five years in the big house after admitting to scheming to defraud his employer, computer hard drive manufacturer Seagate Technologies.

According to a plea agreement, Jurgens created a shell company, VR Services, to fill chemical orders for Pennsylvania-based Haas TCM. After Jurgens convinced Haas TCM to use VR Services to fill Seagate orders, he used his position at Seagate to order unnecessary chemicals from Haas TCM.

In all, Jurgens collected over $6 million that Seagate paid to Haas TCM, which in turn paid VR Services to fill the orders. It never did.

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