A Coon Rapids man has been placed on probation by Anoka County District Court after pleading guilty to a felony charge for swindling his partners in an East Bethel business.
Chad Everette Hannu, 38, entered a guilty plea to a felony theft by swindle, diverting corporate property charge, and at sentencing May 13, he was given five years’ probation and jailed for 132 days, which will be staggered – three days June 13-15 this year and 30 days each in May 2015, 2016, 2017 and 2018.
He was also ordered to perform 120 hours of community service work and make restitution totaling $82,280.
According to the complaint, the incidents took place between January 2008 and December 2010 when Hannu owned 45.5 percent of an East Bethel remodeling company and was responsible for ordering supplies, paying vendors, writing checks and paying bills.
In December 2010, Hannu planned to buy out his two partners’ interest in the company and as part of doing due diligence for the sale, the partners noticed some irregularities in the books.
On investigation, they found that some 100 checks that appeared to have been written for legitimate business purposes (payments to subcontractors) on the cash register were, in fact, written to Hannu himself when the actual checks were inspected, the complaint states.
The checks went to finance Hannu’s personal car, a separate business that Hannu owned without the two partners and another employee of the business, and were never authorized by the partners, according to the complaint.
Hannu was charged by summons by the Anoka County Attorney’s Office Aug. 2, 2013.