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Pepsi has suffered from its own vice-president

July 23 2009
06:43

The company PepsiCo posted a loss of two million dollars for deysvty her own vice-president Edward Backus. Former top-manager is arrested and has been charged - including fraud.

The list of duties of the vice-president of PepsiCo included entertainment potential customers holding, and the sums which under this stand out, were available to the manager. For nine years, 53-year-old fraudster and two of his accomplice devastated the company's account, exposing them through a front company created fake invoices for allegedly purchased airline tickets, lunches and dinners at restaurants, tickets to sporting and entertainment events, as well as accommodation in expensive hotels.

In the event that Backus guilty, he faces up to 20 years in prison on each of the three counts and a fine of $ 250 thousand and Indemnity Company - at a rate of 2.368 million 441 dollars.

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