Palladium Case Solved?
From the Kingsport Times-News:
Steve Sheiring, the former sales manager at Palladium Books, was sentenced to one year non-reporting probation on April 20 in the 3rd Circuit Court in Detroit. According to prosecutors, Sheiring paid $47,080 in restitution to Palladium Books.
Wait, what about Kevin Siembieda's claim that between $850,000 and $1.3 million had been ripped off? Oh, wait, those were Siembieda's personal items, and not company assets. The actual charges stated Sheiring embezzeled $20,000.
Prosecutors cannot confirm the value of the items stolen.
"We usually don't do it that way," Miller (Maria Miller, assistant district attorney in the Wayne County Prosecutor's Office) said. "If he's trading goods and services and intangibles and things that have an auction value, then we just estimate when it's not pure money."
The article states that the items were stolen between 2002 and 2004, and the theft wasn't even discovered until sometime after Sheiring left the company in February 2005. So, Palladium is begging for money from fans because of a theft that's already been solved and for which restitution has already been paid, mostly on personal items and not company funds. The amount embezzled from the company was listed as $20,000, but restitution paid was $47,000. Kevin Siembieda has a right to be pissed that his personal stuff was stolen, but... how exactly is this responsible for Palladium being on the verge of going out of business?