PEWAUKEE, Wis. -- The former director of taxes for Roundy's here has been sentenced to 41 months in federal prison and ordered to pay restitution to the company after pleading guilty to mail fraud.
h in U.S. District Court in Milwaukee.
Zurcher's attorney, Thomas Halloran, told SN his client used the money to help friends with financial problems.
Much of the money that was embezzled had been invested and will be used for re-paying Roundy's, Halloran said, including approximately $900,000 in stocks and securities that were frozen by federal authorities at the time of Zurcher's arrest last September.
Zurcher was hired by Roundy's in 1985 and was named director of taxes in February 1992 -- a post he held until he left the company last July 26. In pleading guilty, Zurcher admitted he had set up dummy companies into which he funneled disbursements from Roundy's.