guilty to diverting for his own personal use employee
contributions owed to the company’s 401(k) plan between 2002 and 2006.
“Theft of employee benefit assets jeopardizes the
benefits of workers,” said R.C. Marshall, director of
EBSA’s Atlanta Regional Office, in the news release.
insurance agency ceased operations on Sept. 6, 2006, after the Georgia
Department of Insurance issued a cease and desist order. The 401(k) plan covered seven participants
and had $131,848 in assets as of April 5, 2007, the latest data available.