wjz-13 1057-the-fan 1300logo2_67x35
WJZ Celebrates 2013 Graduates: Upload & View Photos Of Your Graduation

Local

Ex-CEO Sentenced For Embezzling From Company

View Comments
jail

(AP Photo)

BALTIMORE (AP) — The former CEO of a fast-food franchise who pleaded guilty to embezzling more than $885,000 from the company has been sentenced to two years in prison.

Mark Chandler Goodnow, 56, of Pasadena was also ordered to pay restitution of more than $885,000 at sentencing on Wednesday.

According to his plea agreement, Goodnow, who was president and CEO of a national fast-food franchise, spent the company’s money on phone sex and prostitutes.

Goodnow concealed the unauthorized expenditures by reporting them as advertising expenditures.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

View Comments
blog comments powered by Disqus
Listen Live!

Follow CBS Baltimore

TV Schedule

Full Program Grid
7:00 PM CBS Evening News with Scott Pelley
7:30 PM Entertainment Tonight
8:00 PM Two and a Half Men
8:30 PM Mike & Molly
9:00 PM Criminal Minds
11:00 PM Eyewitness News at 11
11:35 PM Late Show with David Letterman

Poll Of The Day

Select a Live Stream