Blogs

Juan Valdez coffee exec gets 3-6 years prison sentence for embezzlement

Apr 29, 2024 | Community News

April 29, 2024

Rosita Joseph, the former COO of NFCGC Investments Inc, a North American operator of Juan Valdez coffee, has been sentenced to 3-6 years in a New York state prison for embezzling over $900,000 from the company. The sentencing, handed down by Justice Laura Ward of Manhattan criminal court, follows Joseph’s guilty plea to grand larceny in the second degree. Manhattan DA Alvin Bragg stated that Joseph used the stolen funds to inflate her pay, fund luxurious vacations, and purchase expensive items like gold jewelry and Gucci accessories. Joseph, a Brooklyn resident, entered a plea agreement and expressed remorse for her actions through her lawyer, Liam Malanaphy. NFCGC manages U.S. retail sales of Juan Valdez coffee, while its parent company, Procafecol SA, oversees Juan Valdez cafes and represents coffee growers’ interests. Prosecutors revealed that Joseph was fired after repeatedly refusing document requests for a routine financial audit, and she faced a maximum sentence of 15 years in prison for grand larceny.

Did you like this article?

Did you like this article?

0 Comments

Latest Posts

Ecuador’s Former VP Jorge Glas Sentenced to 13 Years in Prison

The political drama surrounding former Ecuadorian Vice President Jorge Glas reached a turning point Monday when he was sentenced to 13 years in prison for misusing public funds. The ruling stems from a corruption case tied to the 2016 earthquake relief effort, where...

Temperatures drop in Argentina, Chile and Uruguay

A powerful cold snap has gripped southern South America, bringing temperatures far below seasonal norms and pushing rapidly northward as high pressure builds across the continent. Over the weekend, Chile, Argentina, and Uruguay faced temperatures 10–15°C below...

Grill, Music, and Memories: Asado Festival is a Vibe

There’s something magical about gathering around a sizzling grill, surrounded by laughter, music, and the smell of food in the air. This year’s Asado Festival was everything we hoped it would be—and more....

Events

Related articles