Former Penn Traffic Executives Plead Guilty
Two former officers of Penn Traffic Co. here have pleaded guilty to filing false and misleading financial records.
September 1, 2009
SYRACUSE, N.Y. — Two former officers of Penn Traffic Co. here have pleaded guilty to filing false and misleading financial records.
Leslie Knox, who served as senior vice president of merchandising, and Linda Jones, Penn Traffic’s former vice president of non-perishable merchandising, face up to 20 years in prison and fines totaling more than $5 million for their roles in a scheme to falsely report vendor allowances and other payments that helped the retailer meet financial goals between 2002 and 2005.
Both Knox and Jones were dismissed by Penn Traffic in 2006. Federal authorities brought charges against them in 2007.
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