seed company owner Charged With stealing employee pension funds
Andrew Sweeney, 66, of Wayne, Pennsylvania, was charged today by indictment with theft from an employee retirement fund, announced United States Attorney Zane David Memeger. According to the indictment, Sweeney, the President of Sweeney Seed Company, failed to pay monies, withheld from employees’ paychecks, to the employees’ IRA accounts and, instead, used the funds for unauthorized purposes. Sweeney allegedly embezzled $41,165.18 intended for the Sweeney Seed Company employee retirement account.
If convicted, Sweeney faces a maximum possible sentence of five years in prison, restitution, a $250,000 fine, and three years of supervised release.
The case was investigated by Department of Labor and the United States Secret Service and is being prosecuted by Assistant United States Attorney Karen L. Grigsby.
UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
Suite 1250, 615 Chestnut Street, Philadelphia, PA 19106
PATTY HARTMAN, Media Contact, 215-861-8525