Select Comfort Founder Jailed in Minneapolis

Updated: 08/29/2013 7:48 AM KSTP.com By: Leslie Dyste

Photo: MGN Online
Photo: MGN Online

The creator of the Sleep Number bed is behind bars in Minneapolis Wednesday.

ABC News reports Bob Walker's arrest has nothing to do with Select Comfort Mattress Company. Instead it deals with Bixby Energy Systems; he's the CEO of the company.

According to the report, Walker violated terms of release. The government says he treated Bixby as if it were his own personal asset.

He's accused of defrauding almost 1,800 shareholders of around $40 million.