INKSTOP's EX-EXECUTIVES INDICTED !

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INKSTOP's EX-EXECUTIVES INDICTED !

 user 2010-09-29 at 8:36:29 am Views: 76
  • #24065
    http://www.auroraadvocate.com/news/article/4890333
    INKSTOP’s EX-EXECUTIVES INDICTED
    Aurora
    — Four former InkStop Inc. executives were indicted Sept. 1 in
    Cuyahoga County Court of Common Pleas on 32 charges, including theft,
    securities fraud, forgery, bribery, corrupt activity and
    prohibitions.The charges were against Aurora residents Dirk Kettlewell,
    45, the company’s chief executive officer, and his wife Dawn
    Callahan-Kettlewell, 38, the vice president of sales.

    Also
    charged were Vice President of Real Estate and Construction Mark L.
    Race, 62, of Chardon and Chief Financial Officer Dale Fuller, 60, of
    Shaker Heights.According to the Cuyahoga County Court of Common Pleas
    website, Dirk Kettlewell was charged with 15 counts of securities fraud,
    12 counts of aggravated theft, two counts forgery and one count each of
    bribery and engaging in a pattern of corrupt activity and
    prohibitions.Dawn Callahan-Kettlewell’s charges are 16 counts of
    securities fraud, 11 counts of aggravated theft, two counts of forgery
    and one count of engaging in a pattern of corrupt activity.

    Race
    was charged with 16 counts of securities fraud, 12 counts of aggravated
    theft and one count of engaging in a pattern of corrupt activity and
    Fuller’s charges are eight counts of securities fraud, six counts of
    aggravated theft and one count each of bribery and engaging in a pattern
    of corrupt activity.The four former executives’ arraignments have been
    scheduled for Sept. 16, according to the Cuyahoga County Court of Common
    Pleas.InkStop, an ink and toner retailer that was based in Warrensville
    Heights, closed last October, idling about 500 employees at 152
    stores.The company filed for Chapter 7 bankruptcy in U.S. Bankruptcy
    Court in November. It had local stores in Bainbridge, Solon and Hudson.

    The
    company, founded by the Kettlewells, said in its bankruptcy filing that
    it owed nearly $48.3 million to more than 1,000 creditors. The firm is
    the target of several lawsuits and legal complaints filed after its
    closing.The field at Aurora High School’s Veterans Stadium was named
    after the company after it gave more than $200,000 to the Greenmen Pride
    organization to buy artificial turf.The company’s logo was removed from
    the endzone prior to the start of the fall sports season.