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Police Stunned By Executive's Excuse For Letting Girlfriend Steal Company Money

There’s a school of thought that says part of the reason that pharmaceuticals are so ridiculously expensive is because corporate bigwigs are not shy about treating themselves to lavish lifestyles off the backs of consumers. While those that have achieved success are certainly entitled to reap the rewards of their labor, there’s also something to be said for not being ridiculously over the top about it - especially when your company’s pricing policies impact the lives of consumers.

As the Daily Mail shares, we have our latest example of a drug company executive living high on the hog - but this one is in a boatload of trouble. Scott Kennedy, 43, was a top executive at the drug company Nemera. It appears that his salary wasn’t cutting it when it came time for him to fund his exorbitant lifestyle, so that led him to rack up $5.8 million worth of charges on the firm's credit card.

How could he possibly spend so much money? That’s a valid question, but a quick perusal of his expenses provides some clues. Looks like he had a girlfriend that had some awfully expensive tastes. Rather than trying to school her on the wisdom of financial prudence, Kennedy swiped away to keep his sweetie happy.

“Court filings, obtained by the Chicago Tribune, showed Scott Kennedy, 43, who worked for Nemera, and Crystal Lundberg, 31, spent thousands of dollars on plastic surgery, a San Diego mansion, a chauffeur for her children, dogs and even potted plants,” the Mail reports. “The pair are both under investigation for fraud and money laundering, but records show criminal charges have not been filed against either. Kennedy says he let Lundberg dupe him into spending the millions because he wanted to be loved and had hoped it would lead to a family.”

Kennedy says that he first met the woman through the classified ad website Backpage.com back in 2012. She was working as a professional escort at the time. He procured her services a number of times between 2012 and May 2015. Then cupid’s arrow found its mark.

“By May 2015, Lundberg began seeking financial assistance from Kennedy. Soon afterwards, she, her two young children, and their pets moved in with Kennedy at his suburban home. That November, Kennedy gave Lundberg access to the company credit card for the first time after she asked for help buying Christmas gifts for her daughters, according to the filing,” the Mail adds. “Over the next 16 months, the two burned through $5.79 million of company cash, authorities alleged. Analysis conducted by Nemera found more than 8,800 improper charges to the company credit card between November 2015 and mid-March 2017.”

Now that the FBI has raided his home and he’s facing some serious consequences, hindsight has reared its head for Kennedy.

“I wanted to be loved and cared for. My heart kind of overrid my head and said, 'Take a chance'," Kennedy said. “Well, it blew up in my face. My mistake was trusting her. At this point, I have very little faith anything she told me ever was true.”

Source: Daily Mail
Photo: Scott Kennedy/Facebook

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