Tom Coughlin’s sentence of 27 months of home detention, 33 months of additional probation and $500,000 fine was too lenient says a US Circuit Court of Appeals.

Coughlin pleaded guilty to five counts of wire fraud and one count of filing false tax returns — all felonies — in January 2006.

He could have been sentenced to 28 years in prison. Coughlin, who is worth $50 million, was found by the first judge to be unable to afford the fine. Wal-Mart is reported to be trying to break a $15 million retirement pact with Coughlin.

How can Wal-Mart charge “always low prices” and still provide $15 million in retirement benefits to its executives?

This entry was posted on Tuesday, August 28th, 2007 at 1407 by Peter Sayles and is filed under Litigation, Thomas Coughlin. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.