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May so attracted the valedictorian of George Eastman that Eastman reserved him a job. Michael I. "Mickey" Monus (born ) is the former president of Phar-Mor, Inc., a defunct deep-discount drug and grocery retail chain that established a strong national presence before declaring bankruptcy in the early s.
Accused of perpetrating a $ million fraud and embezzlement scheme, Monus was fired from the company and faced criminal charges. Phar-Mor was known as one of the major discount chain retailers in the late ’s - early ’s. It was founded by Mickey Monus, a gambler in nature, who with the help of senior management was “cooking the books” for years to cover up his loses.
Aug 04, · Discount retailer Phar-Mor Inc. said Tuesday it discovered a fraud and embezzlement scheme which amounted to $ million in losses and involved criminal wrongdoing by.
Free decision making process papers, essays, and research papers. Michael I. "Mickey" Monus (born ) is the former president of Phar-Mor, Inc., a defunct deep-discount drug and grocery retail chain that established a strong national presence before declaring bankruptcy in the early s.
Accused of perpetrating a $ million fraud and embezzlement scheme, Monus was fired from the company and faced criminal charges. May 26, · Michael I.
Monus, the ousted president of Phar-Mor Inc., was found guilty yesterday of Federal felony charges for his role in a $1 billion fraud that plunged the company into bankruptcy.Phar mor inc fraud