Indicted Former Creamery CEO Defends Funding

The former CEO of the now-defunct Matanuska Creamery says she hopes a federal grand jury indictment against her ultimately sets the record straight on the company she helped create.

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by Associated Press

ANCHORAGE- The former CEO of the now-defunct Matanuska Creamery says she hopes a federal grand jury indictment against her ultimately sets the record straight on the company she helped create.
Karen Olson is charged with defrauding the state to illegally obtain a $430,000 loan for Valley Dairy Inc., the creamery's parent company.
The 57-year-old Olson also is charged in the indictment with making false statements to the U. S. Department of Agriculture and lying to protect the dairy's former president and co-owner, Kyle Beus, who was indicted on similar charges last year.
Olson defends the loan applications she put together for the creamery in late 2008.
Olson says the information she provided was correct to the best of her knowledge.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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