A Mill Valley resident was sentenced last week for embezzling more than $1.3 million from his former company. Richard John Schwalbe pleaded no contest to two counts of grand theft and admitted to taking more than $1.3 million on June 24.Schwalbe was employed as a credit manager for Solectron and took advantage of his position to transfer debts owed to Solectron into his own accounts. Schwalbe was ordered to pay $1.3 million in restitution to his former employer and to serve two years and eight months in state prison.
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