A former TD Bank executive who used a company credit card to buy $240,000 in Champagne and lap dances at strip clubs to ease his stress from work has been sentenced to 18 months in prison.
The Portland Press Herald reports 42-year-old Jeffrey Burnham of Arundle, Maine, had pleaded guilty in U.S. District Court in Portland to a felony charge of theft by a bank officer. He used the credit card to buy $1,000 bottles of Champagne and $750 lap dances.
Burnham was also sentenced Wednesday to three years of supervised release and ordered to pay back $240,514.54.
Burnham says he spent the money at strip clubs in Maine, Massachusetts, New York and Florida. He says it was a way to cope with the stress of his job.