COUGHLIN ADMITS FRAUD IN GUILTY PLEA

BENTONVILLE, Ark. - Thomas Coughlin, the former Wal-Mart Stores vice chairman who was second-in-command of the world's largest retailer and a friend of company founder Sam Walton, pleaded guilty last week to five counts of federal wire fraud and one count of tax evasion in the theft of as much as $500,000 in company funds.In a dramatic conclusion to the case, Coughlin admitted before U.S. District

BENTONVILLE, Ark. - Thomas Coughlin, the former Wal-Mart Stores vice chairman who was second-in-command of the world's largest retailer and a friend of company founder Sam Walton, pleaded guilty last week to five counts of federal wire fraud and one count of tax evasion in the theft of as much as $500,000 in company funds.

In a dramatic conclusion to the case, Coughlin admitted before U.S. District Judge Robert T. Dawson in Fort Smith, Ark., that he had a subordinate, former Director

Register to view the full article

Already a member? .

TAGS: Walmart