Former InkStop Executives Charged with Securities Fraud in Cuyahoga County
Earlier this month, four former InkStop executives were indicted in the Cuyahoga County Court of Common Pleas on 32 charges, including: securities fraud, theft and engaging in a pattern of corrupt activity, according to an AuroraAdvocate.com September 8 news article.The company's former CEO Dirk Kettlewell, former Vice President of Sales Dawn Callahan-Kettlewell, former Vice President of Real Estate and Construction Mark L. Race, and former CFO Dale Fuller were each charged with multiple counts of securities fraud and aggravated theft.
According to the article, before closing its doors last October, InkStop ran 152 ink and toner retail stores and employed approximately 500 people. The company filed for Chapter 7 bankruptcy only a month after closing due to debts of almost $48.3 million. Several lawsuits and complaints have since been filed against the company.
The four former executives are all residents of Ohio. Arraignments are scheduled for September 16.
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Category: General
Labels: Ohio securities fraud
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