News and Press Releases

Former Coca-Cola Employee Sentenced to Prison for Corporate Fraud

FOR IMMEDIATE RELEASE
May 19, 2014

ATLANTA - Jeffrey David Shamp, a former Senior National Account Executive with The Coca-Cola Company, was sentenced to two years and three months in prison for siphoning over $400,000 in corporate American Express gift checks for his personal use.

“Corporate employees who steal hurt their employer, fellow colleagues, their customers, and the community,” said United States Attorney Sally Quillian Yates.  “By putting his personal gain above all else, Shamp has earned this time in federal prison.”

“The United States Secret Service and our law enforcement partners will continue to take an aggressive approach to arresting individuals who violate the trust of businesses to further their personal financial gain,” said Reginald G. Moore, Special Agent in Charge of the United States Secret Service, Atlanta Field Office.

“This sentence is a message to others that there are consequences for taking what doesn’t belong to you,” stated Veronica F. Hyman-Pillot, IRS Criminal Investigation, Special Agent in Charge. “Individuals cannot fraudulently enrich their bank accounts and expect to go unpunished.”

According to United States Attorney Yates, the charges, and other information presented in court:  Jeffrey Shamp worked for The Coca-Cola Company from approximately July 2002 to November 2011, most recently as a Senior National Account Executive based in Massachusetts.  In his position, Shamp was authorized to order American Express (AMEX) gift checks to be used as part of a sales incentive program for Coca-Cola’s customers.  From approximately November 2005 through September 2011, Shamp fraudulently obtained AMEX gift checks under the false pretense that the checks would be used as part of Coca-Cola’s sales incentive program, when in fact Shamp used them to pay for over $400,000 in personal expenses, including alimony and rent payments, and as gifts to friends and relatives.

Shamp, 40, of Cincinnati, Ohio, pleaded guilty to one count of wire fraud before United States District Court Steve C. Jones on February 27, 2014.  In addition to his two year and three month sentence, Shamp was ordered to pay $411,550 in restitution to The Coca-Cola Company.

This case was investigated by the United States Secret Service and the Internal Revenue Service Criminal Investigation. 

Assistant United States Attorney Steven D. Grimberg prosecuted the case.

For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6016.  The Internet address for the HomePage for the U.S. Attorney’s Office for the Northern District of Georgia is www.justice.gov/usao/gan.

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