*NEWS*FORMER STAPLES EXECUTIVE CONVICTED

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*NEWS*FORMER STAPLES EXECUTIVE CONVICTED

 user 2007-08-30 at 12:05:00 pm Views: 72
  • #18677

    Former Staples Executive Convicted
    BOSTON -AUG 07 A former vice president of Staples Inc. has been convicted of embezzling more than $500,000 from the Framingham-based office products company.James Dorman, 40, formerly of Westborough, pleaded guilty Monday to eight counts of mail fraud, three counts of wire fraud and three counts of money laundering.Prosecutors said Dorman, who was the vice president of marketing for the company’s contract division, was authorized to approve the payment of invoices submitted by third-party vendors who did work for Staples (nasdaq: SPLS – news – people ). Prosecutors said Dorman embezzled at least $584,826 from the company during the two years before he was fired by submitting invoices for nonexistent vendors. He also misused corporate travel funds to pay for personal travel and travel-related expenses for friends.Dorman, who began working for Staples in 1995, was fired in November 2005 after the company became aware of the embezzlement.His attorney, Jeffrey Denner, said Dorman pleaded guilty to all charges in his indictment because he wanted to admit his wrongdoing and move on with his life.”It was an unfortunate incident that did not reflect the nature of Jim Dorman’s personal or professional history,” Denner said. “It was a real aberration.”Sentencing is scheduled for January 28. Dorman faces up to 20 years in prison for each of the mail and wire fraud charges and up to 10 years on each of the money laundering charges.Denner said Dorman’s attorneys have been negotiating with prosecutors over “what a proper sentence would be.”