Former Coca-Cola Employee Sentenced For Corporate Fraud

According to United States Attorney Sally Quillian Yates, the charges, and other information presented in court: Jeffrey Shamp worked for The Coca-Cola Company from approximately July 2002 to November 2011, most recently as a Senior National Account Executive based in Massachusetts. 

In his position, Shamp was authorized to order American Express (AMEX) gift checks to be used as part of a sales incentive program for Coca-Cola’s customers. From approximately November 2005 through September 2011, Shamp fraudulently obtained AMEX gift checks under the false pretense that the checks would be used as part of Coca-Cola’s sales incentive program, when in fact Shamp used them to pay for over $400,000 in personal expenses, including alimony and rent payments, and as gifts to friends and relatives.

Shamp, 40, of Cincinnati, Ohio, pleaded guilty to one count of wire fraud before United States District Court Steve C. Jones on February 27, 2014. In addition to his two year and three month sentence, Shamp was ordered to pay $411,550 in restitution to The Coca-Cola Company, which is headquartered in Midtown Atlanta.

“Corporate employees who steal hurt their employer, fellow colleagues, their customers, and the community,” said Yates in a news release. “By putting his personal gain above all else, Shamp has earned this time in federal prison.”