Judge sentences ex-CEO for fraud
The former CEO of a manufacturer in the area has been sentenced to prison for fraud.
Darci Shillington, a one-time head of Kentwood-based Hilco Technologies, a maker of injection-molded plastic parts for multiple industries, was sentenced by Judge Janet Neff to three years in prison for defrauding the company of $1,397,000 by submitting fake invoices and “pocketing the money,” according to the U.S. Attorney’s Office for the Western District of Michigan yesterday.
Shillington “used the stolen money to purchase and furnish a lavish home in Ada.”
As a result of the fraud, Hilco was left “short of cash to pay its real suppliers.”
As CEO, Shillington was paid an annual salary of $175,000, the U.S. Attorney's Office said.
“This crime involved a business, but it was really about hurting people,” U.S. Attorney Andrew Birge said. “Darci Shillington earned a salary that most people would be thrilled to have. But she just had to have more. She took advantage of suppliers, jeopardized the company’s stability and in turn, put the jobs of the company employees at risk.”
Following her release, Shillington will spend two years on supervised release and pay restitution of $399,386.
“The defendant’s brazen theft of more than a million dollars of company funds over a few short months is an astonishing breach of trust Hilco Technologies placed in her,” said Timothy Slater, FBI special agent in charge for the Detroit Division. “The FBI remains committed to thoroughly investigating all allegations of corporate crime and bringing those responsible to justice.”