Former Marsh CEO On Trial

This cottage on Lake Wawasee, according to county records, is owned by Don and Marilyn Marsh.

This cottage on Lake Wawasee, according to county records, is owned by Don and Marilyn Marsh.

In an Indianapolis federal courtroom Monday, Don Marsh, 75, former CEO of Marsh Supermarkets, went on trial for allegations he defrauded the company out of millions of dollars.

During Marsh’s tenure as head of the company, he built and opened Arthur’s Supermarket in Syracuse where is also a summer resident of Lake Wawasee. Don and Marilyn Marsh own a cottage on Vawter Park Drive, according to Kosciusko County tax records.

Arthur’s in Syracuse was ultimately closed by the company because it was an unprofitable operation. Marsh Supermarkets still has a store in Warsaw.

According to the Indianapolis Star, the civil trial was brought by the grocery chain that bears the Marsh family name against Don Marsh personally. The lawsuit claims Marsh defrauded the company of millions of dollars with lavish spending, which included personal trips to visit his mistresses.

The case hinges around whether the Marsh Supermarkets board of directors knew about the spending and approved of it, at least tacitly.

During his testimony in court yesterday, Marsh admitted he had made some mistakes, but using company funds was “common company practice.”

Marsh, now a retired executive, has a countersuit against the company. He denies owing the company the several millions dollars it’s seeking, and also demands that it pay him some $2 million in withheld severance benefits.

Stacey Page Online Feed Facebook: social networking Twitter Linked in: Professional contact information Google+: Real-life sharing rethought for the web Print Friendly and PDF

Comments are closed.