Ex-Glock executive found guilty of racketeering

Associated Press

MARIETTA, Ga. (AP) — A former executive at gun maker Glock Inc. has been found guilty of racketeering charges and could face up to 30 years in prison.

The Atlanta Journal-Constitution reports (http://bit.ly/yobggB) reported Friday that Paul Jannuzzo was found guilty. Jannuzzo and another executive were accused of taking more than $1 million by diverting money intended for insurance premiums to their personal bank accounts.

Peter Manown, a former vice president at the company, pleaded guilty to three counts of theft in 2008. He says he has returned his share of the money, and he testified against Jannuzzo at the trial.

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Information from: The Atlanta Journal-Constitution, http://www.ajc.com

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