President Casinos employee charged with cheating company
By TOM WILEMON, THE SUN HERALD
A purchasing agent for President Casinos Inc. received $251,000 in kickbacks as part of a bid-rigging scheme, according to a federal indictment.
Elizabeth Richard was charged with fraud and mail fraud last week by a federal grand jury in St. Louis, where the casino company is headquartered. A co-defendant, Aristotle J. Kumpis, allegedly paid her the kickbacks so his printing company could do business with President Casinos at inflated prices.
Richard also aided Kumpis by altering bids from other print companies to mark up their prices and then submitting fake invoices for his company, according to the indictment.
The fraud allegedly occurred from Jan. 1, 2000, until Oct. 15, 2003. During the three-year period, the President Casino paid about $840,000 to two printing companies that Kumpis either worked for or owned. He was the sole owner and operator of St. Louis-based AJK Images, the company that received most of the money.
President Casinos Inc., the parent company of President Casino Biloxi, filed for bankruptcy in June 2002.
Source: http://www.sunherald.com/mld/sunherald/business/10192000.htm
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