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...
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Case Information

Case Title

USA v. Martinez


Case Number

4:10-cr-00044

Court

Arkansas Eastern

Nature of Suit

Date Filed

March 3, 2010

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