INKSTOP's EX-EXECUTIVES INDICTED !

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INKSTOP's EX-EXECUTIVES INDICTED !

 user 2010-09-29 at 8:34:33 am Views: 58
  • #23985

    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.