|
|
|
|
|
Release Date: 09/23/1998
Release
Number:98-76-9-23
Contact Name: Gloria Della
Phone Number: 202.219.8921
|
|
|
|
The owner of Dallas-based Programmed for Success
today was indicted by a Dallas County grand jury for misappropriating $4,044 in
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
(ERISA). |
|
Donald Joseph Isgitt allegedly misappropriated
employee contributions of the retirement savings plan from March to October
1995 by retaining the contributions in the corporate checking account and using
the money to operate the business. At the time of the improper action, Isgitt
was the owner of the company and responsible for enrolling employees in the
plan, withholding employee contributions and depositing the money in the
trust. |
|
The case resulted from an investigation conducted
by the Dallas Regional Office of the Labor Department’s Pension and
Welfare Benefits Administration into alleged violations of ERISA. The case is
being prosecuted by the Dallas County Criminal District Attorney’s
Office. |
|
(State of Texas v. Isgitt)
Criminal No.
4977-A1 |
|
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 202.693.7775. |
|
|
