Man charged with theft from Iron Age; Alleged forgery nets more than $20,000.Byline: Aaron Nicodemus WESTBORO - A Southbridge man has been charged with stealing more than $20,000 from the now-shuttered Iron Age Corp. Danny J. Garcia, 34, of 275 Mechanic St., Southbridge, allegedly stole $20,390 in a three-month period from May to July 2006. According to the police report, Mr. Garcia made checks out to legitimate vendors, but stole the money instead. A grand jury subpoena subpoena (səpē`nə) [Lat.,=under penalty], in law, an order to a witness to appear before a court. A subpoena ad testificandum [Lat. of his bank account at Southbridge Credit Union revealed that instead of paying the vendors, the money was deposited in his savings account Savings Account A deposit account intended for funds that are expected to stay in for the short term. A savings account offers lower returns than the market rates. Notes: , according to the police report. "Mr. Garcia's position with the company allowed him access to make checks and to use the electronic signature of (Iron Age Corp.) CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. David Eckert to endorse checks without permission, constituting forgery," the police report stated. Iron Age Corp., a safety shoe manufacturer with an office in Westboro and manufacturing facility in Pittsburgh, had been in business for 118 years until January 2007, when the troubled company filed for bankruptcy. The company ceased operations a few months later, but continues to negotiate with its creditors, according to bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. records. Mr. Garcia, who was charged in December 2006 but never appeared in court, was arraigned in Westboro District Court yesterday on 21 charges of larceny larceny, in law, the unlawful taking and carrying away of the property of another, with intent to deprive the owner of its use or to appropriate it to the use of the perpetrator or of someone else. over $250, 22 counts of forgery, and one count of larceny under $250. He was released on personal recognizance recognizance In law, obligation entered into before a court or magistrate requiring the performance of an act (e.g., appearance in court), usually under penalty of a money forfeiture. The most common use of recognizance is in connection with bail in criminal cases. and his case was continued to March 20. |
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