Former Tadano Counsel Gets 40 Years For Embezzling $9M

By Jeremy Heallen (May 6, 2014, 3:53 PM EDT) -- A former general counsel for Japanese crane manufacturer Tadano America Corp. was slammed with a 40-year prison sentence in Texas court on Monday after confessing that he stole more than $9 million from his former employer to help finance his rare comic book collection.

Anthony Chiofalo, 52, pled guilty in Texas District Court in Harris County to embezzling millions from Houston-based Tadano using an elaborate fraudulent billing scheme and spending the cash on high-end sports memorabilia and comic books. Following his plea, Chiofalo was immediately sentenced by visiting Judge James Anderson, who dropped the hammer on the lawyer.

Chiofalo's attorney Letitia...

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