Media Release

Release Date: 04/01/1999
Release Number: 99-39-4-1
Contact Name: Diana Petterson or Beverly Sepulveda
214.767.4776, ext. 222 or 221
Gloria Della
202.219.8921

Dallas Businessman Sentenced For Misappropriating Pension Assets

A Texas state court today ordered the owner of Dallas-based Programmed for Success to pay $4,044.30 in restitution, fined him $750 and sentenced him to12 months of probation for misappropriating pension contributions owed to the company’s retirement plan.

The company is a computer programming services contractor which sponsored a salary reduction simplified employee pension plan (SARSEP). The SARSEP is governed by the Employee Retirement Income Security Act.

Donald Joseph Isgitt, a 55 year-old native of Dallas, was sentenced on April 1. Isgitt was indicted Sept. 23 by a Dallas County Grand Jury on charges that he retained the employee retirement contributions in the checking account of the business and used the money to operate the company.

The case was prosecuted by the Dallas County Criminal District Attorney’s Office as a result of the investigative efforts of the Dallas Regional Office of the Department of Labor’s Pension and Welfare Benefits Administration.

(State of Texas v. Isgitt)
Criminal No. 4977-A1

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