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Vending firm ex-official sentenced in Pepsi fraud

Published July 29, 2014 5:24 pm
This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Newark, N.J. • A former official of a New Jersey-based vending company has been sentenced to prison time for his role in a scheme that defrauded the Pepsi Bottling Group of $2.9 million over a 10-year period.

Cedar Grove resident Joseph Belasco was ordered Tuesday to serve six months in prison and six months of home confinement. He also will pay $1 million in restitution and must serve two years of supervised release once he's freed from prison.

The 65-year-old Belasco pleaded guilty last November to a complaint charging him with providing a false 2008 Internal Revenue Service 1099 tax form to the wife of a PepsiCo executive for consulting services she never performed.



Pepsi Bottling Group is owned by Purchase, N.Y.-based PepsiCo Inc.

 

 

 

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