Former Pitman Executive Pleads Guilty

In all, Eichner confessed to embezzling more than $2 million, and purposefully failed to report the illicit proceeds of his scheme to the IRS.

The charge of wire fraud carries a maximum potential penalty of 20 years in prison and a fine of $250,000, or twice the aggregate gain or loss. The charge of tax evasion carries a maximum penalty of five years in prison and a $250,000 fine.