AP
updated on April 14, 2021 | 4:26 PM
BOSTON (AP) — A former top executive at a Massachusetts-based shoe manufacturer has agreed to plead guilty to embezzling $30 million from the company, federal prosecutors said Wednesday.
Richard Hajjar, 64, the former chief financial officer of Alden Shoe Co., agreed to plead guilty to wire fraud, unlawful monetary transactions and filing a false tax return, according to a statement from the U.S. attorney’s office in Boston.
Hajjar has been cooperating with federal authorities and with the company in an effort to recover and return the money, said his attorney, Dan Conley.
“Today, he formally accepted responsibility and
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