The former CFO of the US high-street fashion store has admitted to $19m
(£10.6m) in wire fraud over a period of seven years.
Sixty-year-old Martin Bodner used the company’s payroll scheme to increase
his salary and bonus payments, and so make illegal payments to himself,
reimburse his account for fake expenses and to also make payments to personal
creditors and a family member.
He now faces up to 40 years in prison.
According to court papers Bodner’s theft began in the middle of 2000 and
continued until December last year when he was fired.
Bodner has agreed to give up three properties and several cars as part of his
He will be sentenced on November 5.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars