Former COO of Juan Valdez in the United States, accused of stealing $900,000

Former CEO of Joan Valdez’s US coffee shop operator, Rosetta Joseph, was recently charged with theft, allegedly stealing more than $900,000 from the company, in order to inflate her salary, and buy luxury items on Amazon. And go on expensive vacations.

This was stated by the Manhattan attorney general, who said the former chief operating officer of NFCGC Investments Inc. , 51, allegedly He made several unauthorized payroll deposits, eventually totaling more than $580,000, as well as another series of transfers totaling more than $180,000.

For its part, Reuters reported that Rosita Joseph, who also lives in Brooklyn, New York Accused of paying over $115,000 to an American Express franchise company cardJustification of trips to the former official and to other persons. Destinations paid for this deal included Orlando, Florida, the Bahamas and the Cayman Islands.

At e-commerce giant Amazon, Joseph has spent more than $86,000 on jewelry and diamonds, as well as various accessories from famous designer brands like Gucci.

NFCGC Investments, Inc. is the operator responsible for managing Juan Valdez’s retail sales in the United States.

According to the public prosecutors involved in the case, they confirmed that the former manager was expelled from the company in May 2018, after she refused internal requests to justify the expenses. In this sense, he had always refused to support them.

We will not allow unscrupulous employees to use their company as a personal piggy bank.Manhattan Attorney General Alvin Bragg said in a statement.

The 51-year-old was charged with grand theft in the second degree, meaning she could pay a maximum sentence of 15 years in prison. However, she has been released under supervision and therefore has to hand over her passport to the authorities to prevent her from leaving the country.

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At the moment, since the defense of the accused, no official communication has been made regarding this case.

Juan Valdez is expanding into the Middle East

With the aim of continuing to grow the brand internationally, Juan Valdez stores have officially opened their doors in Turkey and Qatar. Operation in these markets will be possible for the franchisees Honest Holding in Turkey and Ali Bin Ali Holding in Qatar.

These two stores located in the Middle East and North Africa (Middle East and North Africa) region, Get the support and experience of some of the most talented Colombians From the brand, who have been part of the opening process and will contribute their knowledge to deliver the best experience to local consumers.

“We are delighted to bring our premium 100% Colombian Juan Valdez coffee to Turkey. We have a very ambitious expansion plan in the region We believe that our omnichannel strategy will be crucial to increasing the brand’s positioning in the country,” emphasized franchisor Cengiz Devichi of Honest Holding.

Juan Valdez stores in Qatar and Turkey, located in Doha and Istanbul respectively, It will be crucial in developing the company’s international expansion strategyenhancing the brand’s presence for Colombian coffee growers in the Middle East.

The Juan Valdez brand was created 20 years ago by the National Federation of Coffee Growers of Colombia, a non-profit organization Representing more than 540 thousand coffee-producing families in the country.

The brand has expanded in many countries around the world such as Turkey, Netherlands, Mexico, Argentina, Canada, Qatar, Russia, Chile, Bolivia, Costa Rica, Ecuador, Peru and Paraguay, among others.

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Myrtle Frost

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