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Wal-Mart Former Vice Chairman Coughlin Admits Fraud

Wal-Mart Former Vice Chairman Coughlin Admits Fraud

by Toby Lucich on January 31, 2006

Thomas M. Coughlin, a former second- ranking executive at Wal-Mart Stores Inc., pleaded guilty to wire fraud and tax evasion for stealing hundreds of thousands of dollars from the company.

The former Wal-Mart vice chairman entered pleas today before U.S. District Judge Robert T. Dawson in Fort Smith, Arkansas.

“Today I accepted responsibility for serious personal mistakes in judgment,” Coughlin said in a statement distributed by his lawyer, Blair G. Brown of Zuckerman Spaeder in Washington. “I regret the embarrassment this matter has caused my family and friends, and I thank them for their support, love and friendship.”

Wal-Mart Former Vice Chairman Coughlin Admits Fraud

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