{"id":8155,"date":"2014-12-19T12:02:40","date_gmt":"2014-12-19T20:02:40","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=8155"},"modified":"2014-12-19T12:04:07","modified_gmt":"2014-12-19T20:04:07","slug":"former-vp-rite-aid-charged-multi-million-dollar-kickback-scheme","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=8155","title":{"rendered":"Former VP for Rite Aid Charged in Multi-Million-Dollar Kickback Scheme"},"content":{"rendered":"

\"usdojseal\"<\/a>PENNSYLVANIA<\/strong> \u2014 The former vice president of the Rite Aid Corporation along with a New Jersey businessman were charged with a kickback scheme involving a $14.6 million surplus inventory sales, federal officials announced Friday.<\/p>\n

Jay Findling<\/strong>, age 54, of Manalapan, New Jersey, was charged Thursday in U.S. \u00a0District Court in Harrisburg with conspiracy to commit wire fraud.<\/p>\n

Former Rite Aid Vice President Timothy P. Foster,<\/strong> 65, of Portland, Oregon, is charged with making false statements to authorities.<\/p>\n

The charges were filed in as part of a plea agreement the defendants made with \u00a0federal authorities.<\/p>\n

According to federal officials, \u00a0Foster and Findling were alleged involved in nine year conspiracy to defraud Rite Aid, a publicly-owned national drug store chain with its headquarters located in Camp Hill, Pennsylvania. The scheme was done through a surplus inventory sales scheme that took place between 2001 and 2010, officials said.<\/p>\n

As the Vice President for Quality Assurance, Foster\u2019s primary responsibilities at Rite Aid involved the liquidation of surplus Rite Aid inventory across the country.<\/p>\n

During the time period in question, Foster worked for Rite Aid in Oregon.<\/p>\n

According to the criminal information, Findling\u2019s and Foster\u2019s scheme succeeded by making Rite Aid believe its surplus inventory had been sold to Findling\u2019s company, J. Finn Industries LLC, for amounts reported by Foster when, in fact, the inventory had been sold to third parties for greater amounts.<\/p>\n

Findling would then kick back a portion of his profits to Foster.<\/p>\n

The scheme allegedly started in 2001 and continued until February of 2010 when Foster resigned from Rite Aid.<\/p>\n

According to the criminal information, here are the\u00a0\u00a0facts and circumstances surrounding this \u00a0case:<\/p>\n