Former Benefits Fund Manager Sentenced for Embezzlement

Robert Cataldo couldn’t stay out of prison forever. Back in August 2003, the ex-finance director for the health and retirements funds for the American Federation of Television and Radio Artists, had pleaded guilty in New York for embezzling $1.36 million from the funds. Nearly two years later, on Thursday, July 21, he got his due from U.S. District Judge Naomi Reice Buchwald: a 37-month prison sentence, plus mandatory restitution and two years’ probation upon release. Cataldo was responsible for financial and accounting processes. After his arrest, fund trustees announced they had commissioned a study by independent auditors to identify and implement procedures to prevent future thefts of this sort. (Daily Variety, 7/22).