Friday, June 18, 2010

Employee stole $750,000 from American Safety Razor in Augusta County

UPDATED 10/14/10: Joseph Scott Champion was sentenced to 30 months in a federal prison. Details at the Staunton News Leader.
In what had to be startling front page news today, an Augusta County resident pleaded guilty to stealing three-quarters of a million dollars from American Safety Razor (ASR) in Verona.
Joseph Scott Champion, 42, of Fishersville was the former purchasing director for ASR who used seven company credit cards from 2005 through 2009 to make unapproved purchases, as reported in the Waynesboro News Virginian:

Working as American Safety Razor’s purchasing director, Champion took out cash advances and used some of the money for “lavish family vacations,” court records show.
Champion was responsible for overall budgeting, planning, management of globally sourced raw materials and sales demand at the company.

Employees such as Champion were allowed to use credit cards for business-related purchases, records show.

“Champion indicated that “everything began” when he became the company’s card administrator, according to court records. “He acknowledged setting up the card program, but did not set it up initially to defraud anyone.”

Court records show Champion wrote American Safety Razor’s policy guidelines for employee-issued credit cards.
He pleaded guilty to four counts of access device fraud and faces prison time and fines. Sentencing will be held on September 16.

In March American Safety Razor unexpectedly received a mystery shipment of $2 million worth of marijuana that is still locked up at the Augusta County Sheriff's Department. What is going on at ASR?

1 comment:

Joy Jackson said...

I am constantly amazed at what people do. I just have to say that if my husband had been in that job, you can be sure it would never have happened. He has more integrity and loyalty than anyone I know.