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9/10/2007

COUGHLIN MAY GET HARSHER SENTENCE

BENTONVILLE, ARK. —Former Wal-Mart vice chairman Thomas Coughlin may receive a harsher sentence from the U.S.Court of Appeals for the Eighth Circuit. His sentence of 27 months of home detention and 33 months of additional probation for five counts of wire fraud and one count of filing false tax returns was deemed too lenient. Coughlin spent 28 years at Wal-Mart, eventually becoming chairman. After his retirement in January 2005, Wal-Mart accused him of using company money and gift cards to finance approximately $500,000 in personal expenses.

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