Koss Corp: Anatomy of an Alleged $31 Million Fraud


Who is to blame for the fraud allegations rocking Koss Corp (KOSS). Well, obviously the people who allegedly misappropriated millions from the stereo-headphone maker's bank accounts or helped them in the scheme. Sujata "Sue" Sachdeva, the company's former vice president of finance and secretary, was arrested on Dec. 21 for allegedly using interstate wire communications to defraud Koss. Beyond that, the blame should be cast on the other executives at Koss who should have been paying more attention to the company's finances.