Jury Convicts Marsh in Civil Trial
Fmr. Supermarket CEO Must Repay $2.2M
The former CEO of Marsh Supermarkets will have to repay the company more than $2 million dollars in damages.
A jury convicted Don Marsh of fraud late Friday night, the result of a civil lawsuit claiming he used the grocery chain as his "personal checkbook." during his tenure as CEO.
According to a report from our newsgathering partners at RTV6, officals argued that the 75-year-old defrauded the company out of millions of dollars he used to finance extravagant trips and buy expensive gifts for friends and family.
The company, which has about 100 stores in Indiana and Ohio, also alleged that Marsh abused his authority as CEO "to facilitate his covert use of its coffers as his own personal checkbook." Marsh said the lawsuit was an effort to tarnish his reputation. The grocery chain had been seeking as much as $7 million in damages.
After a two-week trial, a federal jury in Indianapolis decided that Marsh had committed fraud and must pay $2.2 million in damages.
Jurors reached the verdict around 11 p.m., after about six hours of deliberations.