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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: R.Gluck who wrote (3181)	4/6/1998 9:24:00 AM
From: AugustWest	Read Replies (1) \| Respond to of 8545

I heard this guy has been buying up CKFR with the funds. JF (sorry, it's Monday, and nothing else is out there) ! August. Ex-Citibank V.P. admits defrauding bank April 6, 1998 ------------------------------------------------------------------------ NEW YORK (Reuters) - Reuters [BR] via NewsEdge Corporation : A former vice president in Citibank's private banking section pleaded guilty Friday to defrauding the bank of more than $11.8 million by obtaining unauthorized loans and overdraft protection. Carlos Gomez, 39, of Manhattan pleaded guilty to two counts of bank fraud. Each count carries a maximum penalty of 30 years in prison and a $1 million fine. Gomez could also be ordered to make restitution for the amount of the losses. ''I made a series of poor decisions, and I realize that my actions violated federal law,'' Gomez said during his plea hearing. ''I regret the trouble my actions have caused.'' During the hearing, Gomez admitted using his position to fraudulently obtain more than $25 million in loans, of which $10 million was never repaid. He said he had caused the bank to issue loans on behalf of one fictitious and two existing clients. The latter had not authorized the loans, and Gomez admitted forging their names on documents. Gomez also admitted embezzling more than $1.8 million by fraudulently opening and using overdraft protection. He said he had forged clients' signatures to obtain the protection and to withdraw money from the accounts. Gomez also said he had taken more than $4.5 million from customers' accounts without their knowledge or permission. He is scheduled to be sentenced July 10.