Former Kmart Exec Sentenced to Six Months in Prison, Fined $500,000
MILWAUKEE (AP) _ A former Kmart Corp. executive has been sentenced to six months in federal prison and fined $500,000 after pleading guilty to taking bribes and kickbacks.
Michael E. Dowdle, once Kmart’s director of shopping center development, was charged in January with taking more than $750,000 to approve $170 million in business deals between the retailer and Milwaukee developer Frank P. Crivello’s businesses.
Dowdle was one of six people indicted after Crivello cut a deal with prosecutors to avoid a long prison sentence and turned over hundreds of hours of tape recordings of his business dealings.
Dowdle pleaded guilty in May to one count of conspiracy to accept bribes and kickbacks totaling $500,000.
Under the sentence handed down Monday by U.S. District Judge Rudolph Randa, Dowdle must serve six months in home detention after his prison term and perform community service.
Of the fines, $300,000 will go to Kmart, $100,000 to a national crime victims’ fund and $100,000 to finance business ethics programs at the law schools at the University of Wisconsin-Madison and Marquette University.