MISSOULA — A March 21 trial date has been set for the former CEO and former CFO of Vann’s Inc. Both men are charged with conspiring to defraud the chain of employee-owned electronics and appliance stores, forcing it into bankruptcy.
Former CFO Paul Lyn Nisbet had reached a plea agreement with a restitution requirement, but pleaded not guilty to conspiracy on Jan. 12.
Former CEO George Leslie Manlove pleaded not guilty the same day to more than 200 charges, including wire, bank and bankruptcy fraud and conspiracy. Prosecutors said he used money from Vann’s for personal expenses.
Both men are charged with creating a corporation to buy a property that housed a Vann’s store, then caused Vann’s to make above-market lease payments to pay off the loan.
There is a March 10 deadline for plea agreements.