Compliance March 24, 2011

MN Man Pleads Guilty to Embezzling from Benefit Plan

Delroy Joseph Sand, Jr., pled guilty to embezzling approximately $642,166.81 from his company’s employee benefit plan between 2008 and 2009. 
Reported by

In his plea agreement, Sand admitted that during 2008 and 2009, he took money from the plan for his own use, according to the Department of Labor. From February 2008 through September 2009, Sand was the trustee for the employees’ retirement savings plan at Hecla, Inc., a business that provides adult foster care as well as group home and mental health services in Minnesota.  

Sand faces a potential maximum penalty of five years in prison. His sentence will be determined at a future hearing, yet to be scheduled.  

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