Former MillerCoors VP pleads guilty to embezzling millions from the company
MILWAUKEE — A former MillerCoors vice president accused of embezzling millions from the company has changed his plea.
MillerCoors officials say more than $13 million was stolen over 11 years.
On Wednesday, May 4th, David Colletti changed his plea to guilty.
The complaint claims Colletti “acted as the inside man” by creating 15 shell corporations, with two former employees, his wife, and nine other friends.
It accuses him of then submitting fraudulent invoices to Miller Brewing and subsequently MillerCoors.
Two other people involved in the case are expected to change their pleas on Thursday.
MillerCoors in September 2014 filed suit against Colletti and 28 other people.
A total of eight people were federally indicted in this case.
A MillerCoors spokesman issued this statement to FOX6 News:
“We are pleased with the developments as it’s a step closer to justice being served in this embezzlement case.”