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

Nearly half of Canadians have cut cable entirely

Canada’s shift away from traditional TV continues, with a new report from Convergence Research revealing that 46% of Canadian households (7.35 million) didn’t have a cable, satellite, or telecom-based TV subscription in 2024. This number is expected to rise to 54% by...

Selena’s family speaks out after Yolanda Saldívar was denied parole

Selena Quintanilla’s family has expressed their relief after the Texas Board of Pardons and Paroles denied Yolanda Saldívar’s request for early release. "While nothing can bring Selena back, this decision reaffirms that justice continues to stand for the beautiful...

Logan Paul responds to Messi’s bodyguard’s boxing challenge

Lionel Messi’s bodyguard, Yasin Chueco, has issued a boxing challenge to YouTuber Logan Paul, and it seems Paul has finally responded. Chueco, a former U.S. Navy SEAL with combat experience, has gained attention on social media for his role in protecting Messi. The...

Events

Related articles