According to the Cookeville, Tennessee Herald Citizen, a Putnam County trucking company owner has pleaded guilty to stealing from his employees.
William Michael Martin, 61, owner of Songbird Trucking Company is accused of stealing more than $10,000 from his employees’401Ks and insurance funds.
The indictment stated that between January of 2008 and April of 2009 Martin “unlawfully and knowingly exercised control over” more than $10,000 that should have gone to Songbird 401K “with the intent to deprive the owners,” the Harald Citizen reported.
Martin was caught when his employees filed complaints with the U.S. Department of Labor.
Martin has pleaded guilty to one count of theft over $10,000– a class C felony.
Yesterday, Judge David Patterson sentenced Martin to five years of judicial diversion, or probation granted to those who have no prior convictions or felonies. The judge also ordered that Martin not be allowed to “oversee in any way or be the administrator, fiduciary, officer, trustee… etc. over any employee benefit plan.”
There is no word on whether or not Martin was ordered to repay the amount he stole from his employees’ funds.