Fox Business Briefs: Soft drink giant Coca-Cola sees net revenue rise six percent during the second quarter while sales rose three percent. GNC says it will close up to nine-hundred stores by 2020, nearly half of the company’s mall locations in the U.S.
ATLANTA (AP) — Federal prosecutors say a former employee embezzled more than $450,000 from Atlanta-based Coca-Cola Co.
The U.S. attorney's office in Atlanta said in a news release Tuesday that 41-year-old Anne Gronek-Gibbs is charged with wire fraud.
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Gronek-Gibbs was a sales director at the company. Prosecutors say she modified electronic quotes, purchase orders and invoices from company vendors and then had Coca-Cola pay them.
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Prosecutors say she used the scheme to pay for gift cards, jewelry, purses and personal travel expenses.
It was not immediately clear whether she had an attorney who could comment.
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