-Caveat Lector-
This is NOTHING compared with what my former partner and other insiders
did to me. WHY have there been no indictments????????????????? I have
1500 pounds of evidence and the government is IGNORING it. This is
becoming increasingly more difficult to swallow....
Sherry. aka Tapshoe
When everyone else is walking out the door,
the true friend walks in
http://www.angelfire.com/wy/seekGOVinvestigation/
NEW YORK (Reuters) - Joseph Latino, former chief executive officer of a
medical research company, has been indicted on charges of stealing more
than
$500,000 from the firm, prosecutors said Tuesday.
Latino, 41, of Brooklyn, was charged with securities fraud, grand
larceny,
scheming to defraud, falsifying business records and possession of
forged
documents. He faces up to 15 years in state prison on the top count of
grand
larceny if convicted.
``He used $100,000 of the money he stole on escort services at $450 an
hour,''
Manhattan District Attorney Robert Morgenthau said. The rest of the
money was
spent on such luxury items as rugs, art, jewelry and frequent European
travel, he
said.
The indictment alleges that from 1994 until 1997, Latino, the CEO and
Director
of Research of Medizone International Inc., lied to investors about
fictitious
experiments being conducted by Medizone in Italy, where the company is
headquartered.
He also lied when he claimed that the company's research findings were
about to
be published. ``He's a convincing speaker,'' Morgenthau said.
The prosecutor said Latino misrepresented his educational background,
claiming
he had a Ph.D in biochemistry.
Medizone is a legitimate NASDAQ-traded medical research company. The
company
is searching for an ozone therapy treatment for blood diseases such as
AIDS and
hepatitis. The research is being conducted at the firm's Naples, Italy,
headquarters. It also has offices in San Francisco.
The irregularity was discovered in 1997 when a new management team took
over
the company and discovered problems during an audit. Latino was ousted
and the
discrepancies reported to the district attorney's office.
Last Updated: 12/22/98 17:48 EST
Copyright 1998 Reuters Limited. All rights reserved. Republication and
redistribution of Reuters content is expressly prohibited without the
prior written consent of Reuters. Reuters shall not be liable for any
errors or delays in the content, or for any actions taken in reliance
thereon.
http://legalnews.findlaw.com/news/19981222/bccrimefraud.html
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