Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: rudedog who wrote (27234)	6/5/1998 11:04:00 PM
From: Night Writer	Respond to of 97611

rudedog, Oops a hand caught in the till. Not earth shaking, but entertaining. NW Subj: Former Staff Accountant At Microcom, Inc. Charged With... Date: 6/5/98 6:01:02 PM Eastern Daylight Time Former Staff Accountant At Microcom, Inc. Charged With Stealing Thousands BOSTON--(BUSINESS WIRE)--June 5, 1998--A former staff accountant at Microcom, Inc. was charged today with federal fraud charges arising out of a scheme in which he stole over $250,000 from Microcom. United States Attorney Donald K. Stern and Barry W. Mawn, Special Agent in Charge of the Federal Bureau of Investigation, announced today that MARK J. DOHERTY, 32, of Norwood, Massachusetts, was charged in an Information with 29 counts of wire fraud. The Information charges that from September, 1996 to February, 1998, DOHERTY defrauded Microcom of $258,685.75. Microcom is a Norwood, Massachusetts company that is a subsidiary of Compaq Computers. Specifically, the Information alleges that DOHERTY, who had been employed as a staff accountant at Microcom for several years, conducted numerous credit transactions to his personal credit card on a numerical key pad which accessed Microcom's credit card account, maintained with United Merchant Services (a subsidiary of Nationsbank). Over the course of a year and a half, DOHERTY accessed Microcom's Merchant credit card account and debited that account in order to make corresponding credit transactions to his personal Visa credit card account, held by Chase Manhattan Bank. After DOHERTY credited his Visa account, he obtained cash by making money withdrawals with his ATM card and charging other personal expenses. The $258,685.75 that he stole from Microcom was used for such personal expenses as travel, renovating his home, buying a new car, and other living/entertainment expenses. On each count of the 29-count information, DOHERTY faces a maximum sentence of 5 years' imprisonment, a fine of $250,000 and three years of supervised release. The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Carmen M. Ortiz of Stern's Economic Crimes Unit. --30--gk/bos CONTACT: U.S. Attorney's Office Amy Rindskopf, (617) 223-9445