QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 8, August 2012, Posted On: 8/2/2012


Wisconsin Vending Operator Charged With Pension Plan Theft


Emily Jed
Emily@vendingtimes.net
TAGS: vending, vending machine, vending operator, David R. Biggerstaff, employee pension embezzlement, Premier Vending Inc., U.S. Department of Labor, Employee Benefits Security Administration

MADISON, WI -- A federal grand jury in the Western District of Wisconsin has charged David R. Biggerstaff with embezzling from his vending company's employee pension benefit plan.

The indictment alleges that from October 2007 through January 2009, Biggerstaff stole $25,194 from Premier Vending Inc.'s 401(k) plan by withholding employee contributions and failing to make payments to it on their behalf.

At the time of the alleged offense, Biggerstaff was president of Janesville, WI-based Premier Vending Inc., formerly Owen Vending Inc., and was the trustee for the company's pension plan.

If convicted, Biggerstaff, 55, 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. The case will be prosecuted by Assistant U.S. Attorney Peter M. Jarosz.


Topic: Vending Features

Articles:
  • New York's Global Vending Group Expands To New Warehouse
  • Coke Consolidated And Coca-Cola Co. Agree To Exchange Territories
  • USA Technologies And On Track Innovations Are Ready For Apple Pay
  • Obama Orders Chip-And-PIN Technology In Federal Credit And Debit Cards
  • Confectionery Companies Step Up In Fight Against Ebola

Copyright © 2014 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570