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Former Rite Aid VP Charged in Kickback Scheme

Joe Mont | December 19, 2014

A former Rite Aid vice president, Timothy Foster of Oregon, has been charged in connection with a $14.6 million, surplus inventory sales/kickback scheme, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania. He was charged with making false statements to authorities.

Also charged, for with conspiracy to commit wire fraud, was New Jersey businessman Jay Findling of Manalapan, New Jersey. The charges are based upon Foster’s and Findling’s alleged nine year conspiracy to defraud Rite Aid, a publicly-owned national drug store chain, via a surplus inventory sales scheme that took place between 2001 and 2010. 

As the company’s vice president for quality assurance, Foster’s primary responsibilities at Rite Aid involved the liquidation of surplus inventory. Officals say the duo led Rite Aid to believe its surplus...

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