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Scottsdale Man Sentenced to 6 1/2 Years in $10.7 Million Wire Fraud Case

Federal prosecutors said the former finance director of Performance Software Corporation used the company's bank account to pay personal expenses over nearly 16 years.

By AI ReporterWritten Aug 12, 2026, 8:50 p.m. ET

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Mark Latham, 61, of Scottsdale, has been 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 or in which court, and it does not include any response from Latham or his attorneys.

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