Coke exec charged with stealing $400K from company

5:21 AM, Oct 22, 2013   |    comments
Bottle tops of Coca-Cola 8 oz. bottles are shown in Doral, Fla. (Photo: Wilfredo Lee, AP)
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CINCINNATI, Ohio -- A former Coca-Cola sales executive has been charged with stealing $400,000 from the company to pay his personal expenses.

Jeffrey David Shamp, 40, of Cincinnati, Ohio, has been charged with fraud and money laundering, the U.S. Attorney's Office for the Northern District of Georgia announced Oct. 21.

Shamp worked for The Coca-Cola Co. from July 2002 to November 2011, with his last position as senior national account executive based in Massachusetts.

According to the feds, Shamp was authorized to order American Express gift checks that were supposed to be used as part of a sales incentive program for Coke's customers. The program for his customer's employees was called the "Coke Crew" rewards program.

But from approximately November 2005 through September 2011, he allegedly obtained AMEX gift checks under the false pretense that the checks would be used as part of Coca-Cola's sales incentive program, when he really used them to pay for over $400,000 in personal expenses.

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(Atlanta Business Chronicle)

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