Co-owner of Mukilteo commercial flooring business sentenced to prison for wire fraud
Man embezzled more than $1 million, victimizing business partner and financial institutions
Last updated 10/6/2021 at 2:43pm
A 47-year-old Everett man was sentenced Friday, Oct. 1, in U.S. District Court in Seattle to 2 years in prison for his embezzlement scheme that stole more than $1 million from a commercial flooring business he co-founded with a friend, Acting U.S. Attorney Tessa M. Gorman announced.
David M. Gluth, founded Gluth Commercial Flooring with a friend, who put up $500,000 to start the company. Between 2011 and 2016, Gluth and a co-conspirator raided the company accounts to pay for everything from a home mortgage, to luxury vacations, to Nordstrom bills, and liquor purchases. At the sentencing...