Juan Valdez espresso exec will get 3-6 years jail in New York over $900,000 theft

By Jonathan Stempel

NEW YORK (Reuters) – A former prime govt on the North American operator of Juan Valdez espresso has been sentenced to between three and 6 years in a New York state jail after stealing greater than $900,000 from the corporate.

Rosita Joseph, 52, the previous chief working officer of NFCGC Investments Inc, was sentenced on Wednesday by Justice Laura Ward of the Manhattan legal court docket, after pleading responsible to 1 depend of grand larceny within the second diploma.

Manhattan District Lawyer Alvin Bragg stated in a press release that Joseph “openly fleeced her employer” over greater than 5 years to inflate her paychecks, pay for costly holidays together with to the Bahamas and Barbados, and purchase gold and diamond jewellery and Gucci equipment on Amazon.com (NASDAQ:).

The Brooklyn resident was sentenced after reaching a plea settlement. Her lawyer Liam Malanaphy stated in an e mail: “In expressing profound regret, Ms. Joseph took full duty for her actions.”

NFCGC manages U.S. retail gross sales of Juan Valdez espresso and a number of other Juan Valdez cafes. Its mother or father Procafecol SA, which was created by the Colombian Espresso Growers Federation, represents the pursuits of espresso growers and operates Juan Valdez cafes.

Prosecutors stated NFCGC fired Joseph after she had refused quite a few doc requests for a routine monetary audit. Joseph had confronted as much as 15 years in jail on the grand larceny cost.