Grocery Supply CFO Should Pay $5M For Check Fraud: Feds

Law360, New York (October 12, 2011, 3:24 PM EDT) -- Federal prosecutors in Arkansas said Wednesday that a former chief financial officer of defunct supermarket supplier Affiliated Foods Southwest Inc. should pay more than $5.1 million for his involvement in a multimillion-dollar check fraud against U.S. Bank NA.

Alexander “Lex” Martinez ought to pay more than $2.84 million in restitution for lost principal and just over $2.3 million in lost interest for his role in the plot, prosecutors said in a memorandum. Martinez was convicted in June of three counts of bank fraud for an $11.6...
To view the full article, register now.




Case Information

Case Title

USA v. Martinez

Case Number



Arkansas Eastern

Nature of Suit

Date Filed

March 3, 2010


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.