Rick Eddleman, former VP of Decipher Inc pleads guilty to embezzling more than $1.5m

Some highlights:

1. Prosecutors say Eddleman embezzled more than $1.5 million from the company over nine years.
2. Prosecutor Marc West said Eddleman paid himself double his salary.
3. Mr. Holland allowed the defendant to resign from Decipher in lieu of being fired.
4. Thornburg said Monday that the company wrote off $8.9 million in losses it discovered after Eddleman’s departure. The losses contributed to the company’s decision to lay off more than 90 employees.

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