A Scottsdale man, Mark Latham, has pleaded guilty in federal court to embezzling over $10.7 million from his employer.
The 61-year-old Latham was sentenced to 78 months in prison and ordered to pay $10,752,535 in restitution to his employer.
Latham also previously pleaded guilty to wire fraud.
According to the Justice Department, Latham accepted a Finance Director role at Performance Software, an Arizona-based software and hardware development company, in 2009 and began embezzling from the company by paying his personal credit card debt with company funds, providing himself unauthorized bonuses, paying for a relative’s apartment with company funds, and directing company funds to his personal bank account.
Latham continued this conduct until he was caught in 2025. He concealed his conduct by editing the company’s bank statements to remove payments to himself. Latham used the funds to lead a lavish lifestyle, including spending $39,000 on Super Bowl tickets in 2023, $29,731 on Taylor Swift concert tickets in 2023 and 2024, $46,248 for a room at the Four Seasons Hotel in Costa Rica in 2018, $38,827 on NFL season tickets from 2022 through 2024, and $28,098 on a golf simulator in 2024. In total, over the 17 years, Latham embezzled $10,752,535 from his employer.
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