Doris Hajewski – Milwaukee Journal Sentinel
A year and a half after the embezzlement of $34 million from Koss Corp. was discovered, former accounting employee Julie Mulvaney is negotiating with the Securities and Exchange Commission to settle the regulatory agency’s case against her. Mulvaney was an assistant to Sujata “Sue” Sachdeva, former vice president of finance at Koss.
Sachdeva is serving an 11-year prison term at the Federal Correctional Institution in Danbury, Conn. Mulvaney was not charged with any crime but is fighting a lawsuit against her and Sachdeva in federal court in Milwaukee. Sachdeva has settled with the SEC.
In papers filed in court Wednesday, Mulvaney’s attorney asks for more time for the case, while at the same time attempting to reach a financial settlement with the SEC.that.