Glenn O Hawbaker Update 6:46 pm
State College based building contractor, Glenn O. Hawbaker Inc., will pay nearly $21 million in restitution after entering pleas of Nolo Contendere to four counts of theft in Centre County Court Tuesday morning.
The Attorney General’s office charged the company with stealing retirement earnings earmarked for prevailing wage employees and instead distributed that money into the retirement accounts for all company workers, including management.
In court, an attorney for the AG’s office said there were at least 250 victims who lost retirement fund money.
The court also ordered the appointment of a corporate oversight officer who will be monitoring the company for the next five years.