PHOENIX — A former finance director who embezzled more than $10.7 million from his employer and spent the money on Super Bowl tickets, luxury hotels and other personal expenses, officials stated last week.
He was sentenced to six years and six months in federal prison.
Mark Latham, 61, of Scottsdale, was also ordered to pay $10,752,535 in restitution to his former employer.
Federal prosecutors said Latham worked as the finance director for Performance Software Corporation.
U.S. District Judge Dominic W. Lanza imposed the sentence. Latham previously pleaded guilty to wire fraud.
Latham became the finance director of a local company in 2009 and began using company funds to pay his personal credit card bills, award himself unauthorized bonuses and cover the cost of a relative’s apartment, according to court records. He also transferred company money into his personal bank account.
The scheme continued until Latham was caught in 2025. He concealed the theft by altering company bank statements to remove records of payments made to himself.
Prosecutors said Latham used the stolen money to finance a lavish lifestyle. His spending included $39,000 for Super Bowl tickets in 2023 and $29,731 for Taylor Swift concert tickets in 2023 and 2024.
Latham also spent $46,248 on a room at the Four Seasons Resort Costa Rica in 2018, $38,827 on NFL season tickets from 2022 through 2024 and $28,098 on a golf simulator in 2024.
Over 17 calendar years, Latham embezzled $10,752,535 from his employer, according to federal prosecutors.
Quick Facts
- Defendant: Mark Latham, 61, of Scottsdale
- Charge: Wire fraud
- Sentence: 78 months in federal prison
- Restitution: $10,752,535
- Judge: U.S. District Judge Dominic W. Lanza
- Scheme: 2009 to 2025
- Method: Unauthorized payments, bonuses and bank transfers
- Concealment: Altered company bank statements
- Notable purchases: Super Bowl and Taylor Swift tickets, luxury lodging, NFL season tickets and a golf simulator