PORTLAND, Maine - A judge is sentencing a former TD Bank executive to 18 months in prison for using a company credit card to buy $240,000 in champagne and lap dances at strip clubs.
The Portland Press Herald reports that 42-year-old Jeffrey Burnham of Arundel, Maine, had pleaded guilty in U.S. District Court in Portland to a felony charge of theft by a bank officer. He used the credit card to buy $1,000 bottles of champagne and $750 lap dances.
Federal judge George Singal on Wednesday also sentenced Burnham to three years of supervised release and ordered him to pay back $240,514.54. Burnham says he spent the money at strip clubs in Maine, Massachusetts, New York and Florida. He says it was a way to cope with the stress of his job.