Former MillerCoors marketing executive David Colletti and seven others were indicted on charges of fraud associated with an alleged scheme to defraud the Chicago-based brewing company of at least $7 million, according to a 20-count indictment filed yesterday in federal court.
Colletti, 58, along with seven co-defendants, was indicted by a federal grand jury for allegedly submitting false invoices and falsely billing MillerCoors for fictitious promotional events and inflating prices for other events held to market and promote the company’s products. The indictment alleges Colletti, who oversaw the marketing and sale of beer to restaurants and bars, approved several of the false invoices, in which MillerCoors paid more than $7 million to third-party entities controlled by the other defendants. Colletti in turn received a portion of those payments, the indictment alleges.