Please note: As of January 20, 2021, information in some news releases may be out of date or not reflect current policies.

News Release

Dallas Businessman Sentenced For Misappropriating Pension Assets

Archived News Release — Caution: Information may be out of date.

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

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.

Archived News Release — Caution: Information may be out of date.

Contact Name: Diana Petterson or Beverly Sepulveda
214.767.4776, ext. 222 or 221
Gloria Della

Employee Benefits Security Administration
April 1, 1999
Release Number