Ex-AFS CFO Asks For Leniency In Check-Kiting Sentence

Law360, New York (August 30, 2011, 1:54 PM EDT) -- Disgraced former supermarket executive Alexander “Lex” Martinez on Friday asked for a more lenient sentencing guideline in Arkansas to reflect that he did not profit from an $11.5 million check-kiting scheme against U.S. Bank while at Affiliated Foods Southwest Inc.

Martinez, the former chief financial officer of Little Rock, Ark.-based AFS, was found guilty in June of aiding and abetting bank fraud, conspiracy to commit bank fraud, and abetting false statements to a bank. Prosecutors said he and another executive concocted a plan to deal with...
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