Specialty Filaments finance director sentenced
BURLINGTON — The former finance director of Specialty Filaments Inc., a Vermont manufacturing company that went out of business in 2007, has been sentenced to four months of home confinement and placed on probation for three years for his part in a federal fraud case.
Paul Mammorella, of Williston, also was ordered Monday to pay $300,000 in restitution.
Ex-CEO Donald James Marler III, formerly of Shelburne and now of Pennsylvania, and former Vice President Jeff Audette, of Milton, are scheduled to be sentenced in December.
The three were charged with conspiring to send inflated financial reports to lender Wells Fargo, which allowed the company to borrow more. The company closed its Burlington plant in 2005 and its Middlebury plant in 2007.MORE IN This Just InMONTPELIER — The Vermont Supreme Court has overturned the conviction of a New Hampshire man who... Full Story
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