"Mazzuto and James W. Margulies – a Cleveland lawyer who was the company's finance chief and briefly succeeded Mazzuto as CEO – pleaded not guilty to grand larceny, scheming to defraud and other charges. Together, they're accused of stealing more than $60 million from the now-bankrupt company.
"This was the wholesale looting of a public company for greed and self-enrichment," District Attorney Cyrus R. Vance Jr. said.
Mazzuto's attorney didn't immediately return a call. Margulies' lawyer declined to comment outside court."
Wednesday, May 26, 2010
John D. Mazzuto: Wonder If He was SkullNBoner?
Labels:
corporate,
Wall Street rightwing
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