Playboy Bunny Testifies In SFC Trial

Law360, New York (March 13, 2007, 12:00 AM EDT) -- A criminal trial involving Andrew N. Yao, the former head of now-bankrupt Student Finance Corp., began Monday over charges that he lied four years ago during a bankruptcy deposition.

In court, Yao’s attorneys conceded that Yao lied, but they said he only did so to conceal an extramarital affair with a Playboy centerfold. Naturally, U.S. prosecutors disagreed, saying Yao lied as a way to defraud creditors, the Philadelphia Inquirer reported.

Then, on Tuesday, the former Playboy Centerfold and Penthouse Pet, Alexandra Karlsen, took the stand. According...
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