January 4, 2016
To our valued customers and suppliers:
We are aware that rumors may have circulated in the marketplace following the April 2015 termination of David Bell's employment with Quality Metalcrafts, LLC/AMERICLAD. Quality Metalcrafts, LLC refrained from making any public comments, but we are now in a position to offer a brief update.
On November 16, 2015, David Bell pled guilty to one count of Felony Theft-By Swindle in Hennepin County District Court. The criminal charge arose out of an investigation by the Rogers Police Department into suspected theft by Mr. Bell of metal products from Quality Metalcrafts, LLC. The materials allegedly were taken from the company's premises between October 2013 and March 2015. Mr. Bell is scheduled to appear in Court for a criminal sentencing in January 2016.
We want to advise you that Mr. Bell is no longer associated in any capacity or role with Quality Metalcrafts, LLC. There is complete closure of any open issues that may have existed between the parties.
We wish to take this opportunity to thank you for your patience and understanding during the recent period of transition. We look forward to having a continuing business relationship with you.
In closing, we also want to extend to you and yours our very best wishes for a prosperous new year.