Dive Brief:

• Jeffrey David Shamp, a nine-year veteran of Coca-Cola, was sentenced to 27 months in prison after pleading guilty to wire fraud in connection with an embezzlement scheme.
• The 40-year-old was working for Coke as its senior national account executive in Massachusetts when the crime occurred.
• Prosecutors alleged Shamp pocketed some $400,000 worth of American Express gift checks that were intended to be used as incentives for his customers' workers. 

Dive Insight:

Prosecutors say Shamp used the stolen funds to pay such expenses as alimony and rent, as well as gifts for family and friends. In addition to jail time, Shamp will also have to pay $411,550 in restitution to Coke.