For whom the bell tolls? For this CFO, apparently
April 28, 2008 by Shane BorerPosted in: "Would you want this person in Finance?", Auditing, Fighting off fraud, Latest news & views
If you had $2 million — never mind where it came from — what’d be on the top of your must-have list?
Probably not what Mahalingam Shrinivas, CFO of SkyHawke Technologies had in mind.
It was a pretty sweet gig he had going for himself: Shrinivas lived at his beach-front house in Marina del Ray, California, and would make the biweekly commute to the Mississippi company.
Only having to work two weeks every month? Sign us up.
But the light workload wasn’t enough to keep this CFO on his best behavior – soon enough, “financial irregularities” were discovered, leading to police raids on his Mississippi hotel room and home office.
Over $500,000 in property was recovered at both properties, including the usual embezzlement laundry list of jewelry, expensive suits and luxury cars.
Oh, not to mention an additional $100,000 in clocks (can’t make this stuff up). Grandfather? Digital? Really, really expensive cuckoos? We can’t say for sure, as the nitty-gritty details in the case are still under wraps.
But maybe we’re getting ahead of ourselves. Shrinivas’s lawyer claims the authorities still haven’t provided any proof that links his seized items with the alleged embezzlement and wire fraud.
Looks like the clock’s ticking on this one. And if the police need a hand keeping that in mind, we know where they can find a good clock. Or two. Or hundred.
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Tags: clocks, imbezzlement, wire fraud

