Sunday, July 15, 2001

Former exec accused twice of embezzling

The Associated Press

        CLEVELAND — A man accused of embezzling $4.3 million from his former employer appeared in court Friday on new charges of stealing $300,000 at his current job.

        U.S. District Court Magistrate Nancy A. Vecchiarelli ordered Michael M. Bukuts, 38, of suburban Richfield, jailed pending a bail hearing Wednesday.

        The FBI said Mr. Bukuts was arrested Thursday at his home in the alleged embezzlement from Complient Corp. of nearby Solon.

        He had been arrested Wednesday on charges of embezzling money from his former employer, auto parts maker Luk Inc. in Wooster, and funneling the money to Swiss bank accounts.

        Mr. Bukuts was chief financial officer for the German-based company. He now works as Complient's chief financial officer.

        His lawyer, Carole Rendon, said Friday night that her client would plead not guilty to the latest allegations.


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