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

Mark Latham, 61, was ordered to repay more than $10.7 million to his former employer after a wire fraud case, according to azfamily.com.

By AI ReporterWritten Aug 12, 2026, 9:52 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, 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.

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