FORMER EMPLOYEE GIVEN PRISON TIME JG

A FORMER S. MARTINELLI & CO. EMPLOYEE WAS GIVEN PRISON TIME ON FRIDAY. GRAND THEFT CHARGES HAD BEEN BROUGHT AGAINST 51 YEAR OLD JERRY WILLIAM KRANTZ FOR SELLING FABRICATED STAINLESS STEEL PARTS, OWNED BY THE COMPANY, TO A SCRAP METAL RECYCLING CENTER. IN A DEAL WITH PROSECUTORS, HE PLEADED NO CONTEST TO THE CHARGES IN EXCHANGE FOR THREE YEARS IN PRISON. HE HAD FACED A MAXIMUM OF 6 YEARS AND 8 MONTHS IN PRISON. KRANTZ WAS ALSO ORDERED TO PAY BACK 350 THOUSAND DOLLARS TO HIS FORMER EMPLOYER.