Ex-Affiliated Foods CFO Gets 1 Year For Bank Fraud

Law360, New York (October 21, 2011, 1:07 PM EDT) -- The former chief financial officer of supermarket supplier Affiliated Foods Southwest Inc. has been sentenced to serve a year and a day in prison for his role in an $11.5 million check-kiting scheme involving U.S. Bank NA, according to a judgment issued Wednesday.

Prosecutors in Arkansas federal court said Alexander “Lex” Martinez orchestrated a scheme to pass bad checks from account to account to make Affiliated's balances appear healthier in a bid to secure loans for the then-flagging distributor. A jury found him guilty of three...
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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

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