According to a Department of Labor (DoL) news release,Mitchell W. Messer, majority owner and president of Wesco Signs Inc.,also must perform 416 hours of community service.
Messer was indicted by a federal grand jury August26, 2008, on two counts of embezzling assets from employee benefit plans governed by the Employee Retirement Income Security Act (ERISA). The indictment charged Messer with embezzlement of $19,286.21 in 401(k) assets and $5,583.38 in health care premiums.
According to the allegations,from February4 through June 17, 2005, he failed to forward retirement plan contributions deducted from employees’ paychecksand alsodid not forward health care premiums withheld from employee wages from July 11 to November4, 2005.
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