Editor's Note: A previous version of this AP report stated the sentence as 41 years. The story has been corrected to indicate that the sentence was 41 months. We apologize for any confusion.
GOSHEN, Ind. (AP) — A former executive of a recreational vehicle company in northern Indiana has been sentenced to more than three years in federal prison for falsifying company financial reports.
Mark Schwartzhoff pleaded guilty last month to wire fraud charges for his actions when he was vice president of finance at Goshen-based Dutchmen Manufacturing. The Elkhart Truth reports (http://bit.ly/sTIwGf ) court documents say Schwartzhoff admitted that from 2003 through 2007 he prepared false reports understating Dutchmen's cost of goods sold and overstating earnings.
Court records say his fraud caused parent company Thor Industries of Jackson Center, Ohio, to overstate earnings by $25 million and to pay about $2 million in unwarranted bonuses.
In addition to three years and five months in prison, Schwartzhoff also was ordered to pay nearly $2 million in restitution.
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Information from: The Elkhart Truth, http://www.etruth.com
