Saturday, March 29, 2003

Tristate summary

Staff reports

President, CEO of Cintech resigns

Cintech Solutions Inc., the Blue Ash software company that sought Chapter 11 bankrutpcy reorganization March 13, said Friday that Diane Kamionka, president and CEO, resigned.

She has been in those posts since the company's founding in 1987. She will continue as a director and consultant to the company.

Dino Lucarelli, chief financial officer since September 2001, was named acting president and CEO.

Marshals seize embezzler's home

The U.S. Marshal's Office seized a home worth more than $300,000, jewelry and other items Friday from a former U.S. Bank officer who pleaded guilty to embezzlement charges.

Deputy U.S. Marshal Jason Wojdylo said the seizure included a home in Timbercreek subdivision in Lebanon.

The seizure came after the U.S. District Court in Cincinnati earlier this week ordered the forfeiture of real property at 495 Aspen Ridge Drive. That property belonged to Vincent Pavcovich, a former collections officer at US Bank, whose job was to help the bank recover unpaid debts. He pleaded guilty to theft and embezzlement charges in October.

Iams drops lab on abuse charges

Procter & Gamble Co.'s Iams pet-food unit severed its research contract with an independent lab after an animal-rights group found mistreatment of animals at the independent lab.

Iams said its policies had not been followed and that it had launched a full review of several dozen contract labs and university research programs used for animal testing. It would not identify the lab, but said it was not in Ohio, Kentucky or Indiana.

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