Man Indicted on Charge of Embezzling $2.6 million

By: AP
By: AP

TOPEKA, Kan. (AP) _ A Topeka businessman and his wife are accused of embezzling more than $2.6 million from an Emporia

The U.S. attorney for the District of Kansas said Thursday 61-year-old James W. Foremsky and 56-year-old Susan A. Foremsky were indicted on one count of conspiracy to commit bank fraud, wire fraud and money laundering.

The indictment alleges that beginning in 2002 James Foremsky used his position as chief financial officer of Vektek Inc. to divert company money to fund the couple's lavish lifestyle, including expensive vacations and showing jumping horses. He is accused of hiding the crime by altering internal records. He left the company in November.

If convicted, the Foremskys face up to 30 years in prison. Prosecutors also are demanding the couple forfeit $2.65 million.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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