Glass Emporium President Mehrdad Hakimian Sentenced
to 3½ Years in Prison, Along with $150,000 Fine, for Insurance
July 6, 2010
Former Glass Emporium president Mehrdad Hakimian was sentenced
to 3½ years in federal prison (42 months), along with a $150,000
fine due immediately, during a hearing on Friday, according to sources
close to the case. Hakimian was found guilty in March of wire fraud,
conspiracy to commit wire fraud and obstruction of justice, along
with several related charges. He also had pleaded guilty previously
to charges related to visa fraud and the harboring of illegal aliens.
HERE for related story.)
Hakimian is to begin serving his sentence within 90 days, and,
after he has completed his time in prison, will be on supervised
probation for three years, according to sources.
In addition, Hakimian announced late last week that he was stepping
down as president of the company, effective July 2. He made the
announcement via a memo to the companys Board of Directors.
I want to thank all of the employees of Glass Emporium for
their hard work over these many years and particularly the support
they have offered me during the last two years, writes Hakimian
in the memo. I know that going forward the fortunes of the
company will be in good hands and that its best years are yet to
This Friday, Glass Emporium vice president Emma DeGuzman also is
scheduled to be sentenced. DeGuzman also was charged with insurance
fraud, engaging in conspiracy to commit insurance fraud and wire
fraud, but those charges against her were dismissed when she pleaded
guilty to charges regarding her alleged harboring of illegal aliens
in her work with the company.
Glass Emporium owns both Glass Pro and Glass Masters and has locations
throughout the United States. The company is not affiliated with
Glasspro in Charleston, S.C.
Need more info and analysis about the issues?
HERE to subscribe to AGRR magazine.