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York-based Lifestyle Foods CFO charged with stealing more than $630K from company

By - Last modified: March 6, 2013 at 12:28 PM

The chief financial officer of York-based Lifestyle Foods Inc. has been charged with stealing more than $630,000 from the company, according to court documents.

Pradeep Jaipaul, 33, of Hampden Township, Cumberland County, was charged in February with theft by unlawful taking or disposition, theft by deception, receiving stolen property and access device fraud in connection with using the company's business accounts for personal expenses, the documents state.

Jaipaul had been solely responsible for maintaining financial records for the business from about January 2007 to late 2012, according to the documents.

He used the company's business accounts for gas, dining, a gym membership and other such purchases that were not authorized; at home improvement retailers; for hotel and travel expenses, ATM withdrawals, and transfers and wires to his personal account and his wife's; and for wire transfers to international companies that were not vendors of Lifestyle Foods, the documents state.

The credit building and credibility solutions firm Dun & Bradstreet Credibility Corp. lists Lifestyle Foods' annual revenue at $1.7 million.

Lifestyle Foods CEO Jason Bross contacted the York City Police Department in January in reference to an internal theft investigation, the documents state. Bross said this afternoon that he had no comment.

A preliminary hearing is scheduled for April 4. Jaipaul could not immmediately be reached for comment.

Brent Burkey

Brent Burkey

Brent Burkey covers York County, agribusiness, energy and environment, and workforce issues. Have a tip or question for him? Email him at brentb@cpbj.com. Follow him on Twitter, @brentburkey.

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Tina September 14, 2014 10:17 am

What happened to the story? Was the ex CFO sentenced or just accused/charged?

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