Dec 01, 2020
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William F. White Int’l Inc. Announces Settlements in Legal Action Against Former Employees, Larry Sacchetti and Bill White

William F. White Int’l Inc. (“Whites”) has settled all outstanding litigation with former employees Larry Sacchetti and Bill White.

Allegations against Mr. Sacchetti and Mr. White involved kickback schemes in which both parties misappropriated funds and received secret commissions related to work done on behalf of Whites. Allegations were also made that cash payments used to rent equipment were pocketed and fuel set aside for the company’s production fleet was used to run personal vehicles.

As a term of the settlements, both Mr. Sacchetti and Mr. White have agreed to execute promissory notes payable to Whites in the full amount claimed by the company. Arrangements have been made to retire the promissory notes with periodic payments based on representations made by Mr. Sacchetti and Mr. White as to their ability to repay the full amount.

“We are pleased that this matter has been concluded satisfactorily,” stated Paul Bronfman, Chairman/CEO, Comweb Corp./William F. White Int’l Inc. “We view this as an important step moving forward.”

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Headline, Industry News

William F. White Int’l Inc. Announces Settlements in Legal Action Against Former Employees, Larry Sacchetti and Bill White

William F. White Int’l Inc. (“Whites”) has settled all outstanding litigation with former employees Larry Sacchetti and Bill White.

Allegations against Mr. Sacchetti and Mr. White involved kickback schemes in which both parties misappropriated funds and received secret commissions related to work done on behalf of Whites. Allegations were also made that cash payments used to rent equipment were pocketed and fuel set aside for the company’s production fleet was used to run personal vehicles.

As a term of the settlements, both Mr. Sacchetti and Mr. White have agreed to execute promissory notes payable to Whites in the full amount claimed by the company. Arrangements have been made to retire the promissory notes with periodic payments based on representations made by Mr. Sacchetti and Mr. White as to their ability to repay the full amount.

“We are pleased that this matter has been concluded satisfactorily,” stated Paul Bronfman, Chairman/CEO, Comweb Corp./William F. White Int’l Inc. “We view this as an important step moving forward.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline, Industry News

William F. White Int’l Inc. Announces Settlements in Legal Action Against Former Employees, Larry Sacchetti and Bill White

William F. White Int’l Inc. (“Whites”) has settled all outstanding litigation with former employees Larry Sacchetti and Bill White.

Allegations against Mr. Sacchetti and Mr. White involved kickback schemes in which both parties misappropriated funds and received secret commissions related to work done on behalf of Whites. Allegations were also made that cash payments used to rent equipment were pocketed and fuel set aside for the company’s production fleet was used to run personal vehicles.

As a term of the settlements, both Mr. Sacchetti and Mr. White have agreed to execute promissory notes payable to Whites in the full amount claimed by the company. Arrangements have been made to retire the promissory notes with periodic payments based on representations made by Mr. Sacchetti and Mr. White as to their ability to repay the full amount.

“We are pleased that this matter has been concluded satisfactorily,” stated Paul Bronfman, Chairman/CEO, Comweb Corp./William F. White Int’l Inc. “We view this as an important step moving forward.”

Leave a Reply

Your email address will not be published. Required fields are marked *

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