A Rohnert Park man entered a plea Wednesday sending him to prison for embezzling more than $1 million from his Petaluma employer, who said the company will be affected for years to come.
The stolen funds drove Bibbero Systems further into financial stress during a time when the company was forced to downsize, according to owner Mike Buckley. Bibbero lost half of its employees through layoffs and attrition during the past six years, he said.
Under the plea bargain deal, John C. Sheehan, 43, pleaded no contest to grand theft, receiving stolen property and tax evasion and agreeing to serve nine years and four months in prison.
Sheehan will turn over two cars, an array of electronics and at least $50,000 to his former employer, Bibbero Systems, prosecutor Amy Ariyoshi said.
Bibbero owner Buckley said the forfeited assets, which include two Mercedes-Benz cars, will bring little financial relief to the company and cannot restore the trust lost among employees.