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Release Date: 01/09/1998
Release Number: V-09
Contact Name: Gloria Della
Phone Number: 202.219.8921
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A Macksburg, Ohio businessman, Paul M. Hetrick,
was sentenced today to two years of probation and 4 months’ home
incarceration by electronic monitoring. Hetrick has agreed to make full
restitution of $23,310 to the plans. |
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Hetrick pleaded guilty September 26, 1997 to one count
of embezzling more the $17,000 from two pension plans sponsored by Paul and
Peg’s Parts Corporation. He is the former trustee of the plans and the
president of the now-defunct company. Hetrick was indicted by a federal grand
jury following an investigation by the Cincinnati Regional Office of the U.S.
Department of Labor’s Pension and Welfare Benefits Administration
(PWBA). |
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This case is part of a nationwide crackdown on the
misuse of employee benefit plan assets. Joseph Menez, PWBA Regional Director,
said, “We will continue to ferret out criminal activity involving pension
plans wherever and whenever it occurs.” The case was prosecuted by the
U.S. Attorney’s Office in Columbus, Ohio. |
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U.S. Department of
Labor news releases are accessible on the Internet. The information in this
news release will be made available in alternate format upon request (large
print, Braille, audio tape or disc) from the Central Office for Assistive
Services and Technology. Please specify which news release when placing your
request. Call 202.693.7773 or TTY 202.693.7755. |
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