An indictment alleges that from October 2007 through January 2009, David R. Biggerstaff stole $25,194 from the Premier Vending, Inc. 401(k) Plan, formerly known as the Owen Vending, Inc. 401(k) Plan, by withholding employee contributions to the plan and failing to make payments to the plan on behalf of those employees.
In April 2011, a federal judge ordered the company and Biggerstaff to restore $31,204.46 in voluntary employee contributions plus lost interest to the plan.
If convicted, Biggerstaff faces a maximum penalty of five years in federal prison.
The charge against him is the result of an investigation by the Chicago regional office of the U.S. Department of Labor Employee Benefits Security Administration (EBSA).
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