Home > Ferndale, Humboldt Creamery > Ghilarducci gets 30 months

Ghilarducci gets 30 months

Former Humboldt Creamery CEO Rich Ghilarducci was sentenced today to 30 months in federal prison, according to the Ferndale Enterprise twitter feed.  Ghilarducci must surrender to Arizona marshals by Friday.

Hit the link for more details on today’s court hearing.

  1. Kubla
    May 18, 2011 at 5:36 pm

    Can we send Arkley with him?

  2. Big Al
    May 18, 2011 at 5:38 pm

    ouch!

  3. Charlie Bean
    May 18, 2011 at 5:54 pm

    Crime and punishment sire do not seem within reaso. Hell, a little marijuana will get more than 30 months.

  4. Anonymous
    May 18, 2011 at 6:57 pm

    not around here chuck! where you from? texas?

  5. Anonymous
    May 18, 2011 at 7:11 pm

    Is it the federal make-me-play-golf prison with other executives? I love that one.

  6. A Reasonable Dude
    May 18, 2011 at 8:00 pm

    wow, 30 months in federal is a long time. i highly doubt he will be playing golf; the idea of country club prisons for people of his stature is an urban myth. maybe the very upper elites get that treatment, but not guys like ghilarducci. from this day on, his life is going to suck.

  7. Mr. Nice
    May 18, 2011 at 8:18 pm

    $15 sack dude gets days for less than a quad of heroin and then less than an ounce in jail. Days for hustling what he would pitch in a quick minute.

    Courier dude gets 36 months to keep his mouth shut on 185 lbs of transport weed. One load, 36 months.

    Modesto rapper dude gets 20 for running a weed club.

    This old Gucci dude only gets 30 months for fucking up with millions of dollars and thousands of folks’ livelihoods.

    Bullshit.

  8. "HENCHMAN OF JUSTICE"
    May 18, 2011 at 9:14 pm

    Just like the good ole days when a timber operation would harvest illegally without a THP knowing the profits will more than pay for the fines and the “non-prep” set-up work that a permit would have required.

    Break the law and still end-up smelling like a rose.

    It pays to backstab your community, apparantly. So, who says the economy is not rigged, lola? There are plenty more of these local heroes to gossip over, some more than 30 months worth.

    Jeffrey Lytle
    McKinleyville – 5th District

  9. Anonymous
    May 19, 2011 at 7:30 am

    “…minimum security facilities, known as federal prison camps, are the best suited for disgraced CEOs and other white-collar criminals.”

    Perks at various CEO prisons:

    1. wellness program, which focuses on nutrition, aerobic exercise and stress reduction

    2. Bookmobile service allows inmates to keep up with their reading

    3. pool, ping-pong, foosball

    4. full gym and tennis courts

    5. a track, bocce pit, basketball court and several fields for inmates to use

    6. music lessons and intramural team sports

    Source: Best places to go to prison. –Forbes

    Yes, technically, these prisons don’t offer golf anymore. You win the debate. I tip my hat to you, sir.

  10. Anonymous
    May 19, 2011 at 10:54 am

    Does he get the cash when he is done?
    Does the Creamery get anything back?

  11. High Finance
    May 19, 2011 at 1:05 pm

    Ghilarducci is guilty of being an incompetant CEO.

    He did not embezzle money to pay for a lavish lifestyle, cocaine or a mistress. His incompetance drove the company to ruin and he lied in a stupid attempt to keep the game going.

    The company probably would have been bankrupt years earlier except for his cooking the books.

  12. Not A Native
    May 19, 2011 at 1:18 pm

    Hi Fi, you’re just speculating about Humboldt Creamery’s fate absent Ghilarducci. Rich promoted rapid expansion of the business and achieved that goal with leveraged finacing. In fact, Rich obtained his position by promising wealth and prosperity beyond what the business had achieved.

    With a different and less ambitious(greedy?) management, I think the bankruptcy wouldn’t have happened. IMO the only legitimate criticism about this outcome for Rich is that there was concurrance and complicity by the owners of the co-op.

  13. High Finance
    May 19, 2011 at 4:13 pm

    NAN, you misunderstand me. Your post at 1.18pm is exactly what I said and meant at 1.05pm.

    We are in 100% agreement that it was his way too rapid expansion that caused the downfall of the creamery. Hence my comment about being an incompetant CEO.

  14. Not A Native
    May 19, 2011 at 4:23 pm

    Ok Hi Fi. Rich was incompetant AND criminal. Bottom line is his decisions(likely abetted by others) were what led to the bankruptcy. The bankruptcy wasn’t inevitable or due to conditions outside of local control.

  15. High Finance
    May 19, 2011 at 4:35 pm

    And don’t misunderstand me about him being a criminal. Ripping off that bank by falsifying the financial statements screwed the bank and its stockholders.

  16. Anonymous
    May 19, 2011 at 5:06 pm

    I am wondering if there are books on this topic, persons who try to lead well and their ego gets so wrapped up in success that when the business is failing they try to fake being in the black. This comes with the hope that when business gets better, no one will know what happened when times were bad. I think the writer of “A Million Little Pieces” also got in over his head, starting with good intentions, but the lie took over.

  17. Apologist Not
    May 19, 2011 at 7:34 pm

    “He did not embezzle”, yet, he paid himself nearly a quarter million dollars and benefits for many years while the Co. could not afford it.

    He’ll serve 1 year-max, and keep the bankroll and all the goodies commensurate with being a “bad CEO”.

    Ah, the benefits of a two-tier society just don’t stop….

  18. Not A Native
    May 20, 2011 at 12:16 am

    Apologist Not, Theres still a civil suit for damages against Rich, the accountant Goggler(sp?), CoBank, and maybe some board members. You may have an axe to grind and chip on your shoulder about injustice and unfairness, but you don’t have a good grasp of what those tiers you refer to really are. From a global viewpoint, you’re just another greedy exploitative overprivledged American, living a far more comfortable lifestyle than 90% of the world’s population.

  19. HENCHMAN OF JUSTICE"
    May 20, 2011 at 8:24 am

    Hi Fi,

    cooking the books is embezzling, for cooking the books allowed for cash flows to continue as they were – 30 month guy got paid, yes? More than incompetence, but those types who incest for money will cover – over another’s abuses using ruse logic to protect those who have yet to “be outed”.

    Corporate business criminals must think alike when laundering and embezzling the money of others within the fabric of any community.

    JL

  20. HENCHMAN OF JUSTICE"
    May 20, 2011 at 8:32 am

    Forgot to lament to Hi Fi,

    your reasoning is the same style of reasoning as depicted in government code sections with regard to protecting fraudulant public officials and public employees by using the “ruse word” NEGLIGIENCE.

    Losers always have a set-up plan to protect malpractices and mistreatments that create and attempt to hide-away “the larger socioeconomic and sociopolitical abuses”.

    Yes, the Co-Op financing scheme highlited the benevolence of a scumbag who now proably needs a religious benediction while covering-up the buttox region of his dirty, stained britches.

    Ghiliarducci has the look of a scammer – now, that could be an interesting thread…….list of the local scammers!

    JL

  21. High Finance
    May 22, 2011 at 9:57 am

    Jeffrey, never change. You provide the comic relief here.

  22. Anonymous
    March 6, 2012 at 1:24 pm

    Hi Lana, Hope you have a nice visit with Rich at his cell.

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