Scottsdale Finance Director Sentenced to 6 1/2 Years in $10.7 Million Wire Fraud Case
Mark Latham, 61, must also pay more than $10.7 million in restitution to his former employer, azfamily.com reported.
4 reports on this incident · first at Aug 12, 2026, 8:50 p.m. ET
Earlier reports
Aug 12, 2026, 9:52 p.m. ET
Scottsdale Finance Director Sentenced to 6 1/2 Years in $10.7 Million Wire Fraud Case
Mark Latham, 61, of Scottsdale, has been sentenced to 6 1/2 years in federal prison and ordered to pay restitution of more than $10.7 million to his former employer, azfamily.com reported. The case was brought as wire fraud, according to the outlet.
Latham was the finance director for Performance Software Corporation. Federal prosecutors said he used the company's bank account from March 2009 to about January 2025 to pay his personal credit card charges, gave himself unapproved bonuses, paid for a relative's apartment and transferred funds to his personal account, stealing more than $10.7 million, according to azfamily.com. Prosecutors also said he edited the company's bank statements to erase records of payments to himself.
The report, published August 12, 2026, describes the proceeding as at the sentencing stage. No further court dates or appeal filings are recorded in the available account.
Aug 12, 2026, 8:52 p.m. ET
Scottsdale Finance Director Sentenced to 6 1/2 Years for $10.7 Million Wire Fraud
Mark Latham, 61, of Scottsdale has been sentenced to 6 1/2 years in federal prison and ordered to pay restitution of more than $10.7 million to his former employer, azfamily.com reported.
Latham was the finance director for Performance Software Corporation. Federal prosecutors said he used the company's bank account from March 2009 to about January 2025 to pay his personal credit card charges, gave himself unapproved bonuses, paid for a relative's apartment and transferred funds to his personal account, stealing more than $10.7 million. Prosecutors also said he edited the company's bank statements to erase records of payments to himself.
The charge reported in the case was wire fraud. The earlier reporting available here did not cite a statutory maximum sentence, so the term imposed cannot be compared with one.
Aug 12, 2026, 8:50 p.m. ETFirst report
Scottsdale Man Sentenced to 6 1/2 Years in $10.7 Million Wire Fraud Case
Mark Latham, 61, of Scottsdale, has been sentenced to 6 1/2 years in federal prison and ordered to pay restitution of more than $10.7 million to his former employer, according to reporting by azfamily.com.
Latham, who served as finance director for Performance Software Corporation, was charged with wire fraud, azfamily.com reported. Federal prosecutors said he used the company's bank account from March 2009 to about January 2025 to pay his personal credit card charges, gave himself unapproved bonuses, paid for a relative's apartment and transferred funds to his personal account, stealing more than $10.7 million. Prosecutors also said he edited the company's bank statements to erase records of payments to himself, according to the outlet.
This report draws on a single published account, and details may change as more is reported. The azfamily.com report does not say when Latham was sentenced or in which court, and it does not include any response from Latham or his attorneys.
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First published.
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- Version 113 Aug 2026, 00:52current
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