Former MillerCoors Executive Sentenced To Prison In Alleged $8.6 Million Fraud Scheme

CHICAGO (AP) -- A former vice president at MillerCoors was sentenced to 42 months in prison for defrauding the Chicago-based company of millions of dollars during a decade-long scam.

David Colletti pleaded guilty to wire fraud in 2016. However, U.S. District Judge Jorge Alonso delayed sentencing the 60-year-old Colletti until seven others involved in the fraud had their day in court.

Prosecutors alleged Colletti worked with the others to submit false invoices that billed for fictitious promotional and marketing events.

The alleged scheme defrauded MillerCoors of more than $8.6 million.

Before his sentencing, Assistant U.S. Attorney Jennie Levin said Colletti owned up to his crime by bringing it to the attention of federal prosecutors. However, in asking for a 64-month sentence she called his fraud "the ultimate betrayal."

Colletti apologized for his actions, saying they were based on a desire to keep up with the rat race.

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