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To: StockDung who wrote (104595)7/24/2008 7:26:49 PM
From: scion  Respond to of 122087
 
STEPHEN E. APOLANT

Dated: _______, 2004

sec.gov

SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,

v.

ROBERT J. CASSANDRO, MICHAEL C.
CARDASCIA, and STEPHEN E. APOLANT,

Defendants,
and
JOAN CARDASCIA, )
Relief Defendant.



To: StockDung who wrote (104595)7/25/2008 3:17:47 PM
From: scion  Respond to of 122087
 
With prison release, a foreclosure

Friday, July 25, 2008
South Florida Business Journal - by Brian Bandell Mark Freerks

southflorida.bizjournals.com

Richard Altomare is free from prison, but his Highland Beach condo is in foreclosure.

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Former Universal Express CEO Richard Altomare was released from federal prison, but he may not have a luxury condo to live in much longer.

Altomare and his wife, Barbara Altomare, are facing a foreclosure lawsuit on their Highland Beach condo over a $2 million mortgage.

Altomare - who ranked No. 14 on the Business Journal's list of highest-paid CEOs, with about $2 million in compensation at the Boca Raton-based company in 2007 - hasn't broken bread in that condo for several months. He had been housed in a New York City federal prison since May 3.

New York federal Judge Gerard Lynch had ordered Altomare jailed until he paid a $1.7 million judgment disgorgement to the SEC or proved that he could not afford to pay.

southflorida.bizjournals.com