Friday, May 08, 2009
Pepsi Controller Charged With Embezzling $8.7 Million
G & J Pepsi-Cola Bottlers Inc. is conducting an internal investigation following a discovery earlier this year that money had been embezzled from the Southern Division based in Lexington and reporting it to the FBI. A federal grand jury in Cincinnati has returned a 75 count indictment for James T. Hammes, who has been at large since fleeing in Februrary. He's indicted on wire fraud and money laundering after allegedly embezzling more than $8.7 million between 1998 and February 2009.