Olympus executive charged with embezzling $372K

An executive for Olympus Corp. racked up $372,000 in unauthorized charges on his corporate credit card, according to papers filed Monday in federal court. The criminal information filed in Allentown says Douglas Sofranko of Slatington racked up the charges...

Olympus executive charged with embezzling $372K

An executive for Olympus Corp. racked up $372,000 in unauthorized charges on his corporate credit card, according to papers filed Monday in federal court. The criminal information filed in Allentown says Douglas Sofranko of Slatington racked up the charges...

01 mart 2017 Wednesday 09:50
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Olympus executive charged with embezzling $372K

An executive for Olympus Corp. racked up $372,000 in unauthorized charges on his corporate credit card, according to papers filed Monday in federal court.

The criminal information filed in Allentown says Douglas Sofranko of Slatington racked up the charges between Dec. 21, 2013, and Feb. 1, 2016.

Sofranko is a senior specialist in the health care professional consulting management division of the Upper Saucon Township-based corporation. Olympus is an international provider of electronics, including medical devices.

Olympus had to write a check for $358,000 to American Express to cover the cost of Sofranko's charges, court papers say.

Sofranko is charged with mail fraud and aiding mail fraud.

Attorney A. Charles Peruto Jr. told the Morning Call of Allentown Sofranko used the money for personal expenses and to start a business. He intended to pay back hte money but the business failed, Peruto told the newspaper.

Peruto wasn't immediately available for comment Wednesday morning.

Rudy Miller may be reached at rmiller@lehighvalleylive.com. Follow him on Twitter @RudyMillerLV. Find Easton area news on Facebook.

 

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