The Vice President of Finance for Koss embezzled over $30 million and now someone has to pay. Koss is suing American Express for failing to uphold the Bank Secrecy Act under the premise AmEx did not immediately report the suspicious activity.
Since 2008, Sue Sachdeva embezzled money from Koss to pay for a life of luxury. She spent excessively on expensive clothing, exotic furs, shoes, and the finest jewelry. Sachdeva even paid her bills using Koss accounts. [more...]
