Ex-CEO pleads guilty in scheme to bankrupt window company - New York News

Ex-CEO pleads guilty in scheme to bankrupt window company

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CHICAGO (Sun-Times Media Wire) -

The former CEO of Republic Windows & Doors will face four years in prison and a $100,000 fine after agreeing to plead guilty to masterminding a scheme to bankrupt his own company.

Richard Gillman pleaded guilty in Cook County Circuit Court to one count of theft Thursday after being accused of diverting money from Republic and laundering stolen money through fraudulent bank accounts, the Sun-Times ius reporting.

The shutdown of Republic — which left 200 employees without jobs or severance — made national headlines when employees engaged in a sit-in at the factory to protest the closing.

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