News Sections
Audio
Columbus Businessman Sentenced To 16 Months For Stealing From IRA Funds
Updated May 5, 2013 1:01 AM | Filed under: Network Indiana
 Print    Archive    RSS

(INDIANAPOLIS) - 52-year-old John L. Brubaker of Columbus was sentenced to 16 months in federal prison Thursday after pleading guilty to theft from his employees' retirement benefit plan.

A two-year federal investigation showed Brubaker withheld about $48,000 in IRA retirement plan contributions from 12 employees of his business in Columbus. But instead of moving the money to an IRA investment firm, he kept it in the company's bank accounts.

In addition to his prison sentence, Brubaker was ordered to pay $48,000 in restitution to his victims.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback