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Criminal

Jan. 4, 2005

Interest Isn't Due on Embezzled Stocks

SAN FRANCISCO - A Stanford Law School graduate and former judicial clerk "gone bad" who embezzled more than $50 million from Cisco Systems, despite a personal fortune of $34 million, should not have to pay interest on the stolen money, a divided federal appellate panel has ruled.

By Donna Domino
Daily Journal Staff Writer
        SAN FRANCISCO - A Stanford Law School graduate and former judicial clerk "gone bad" who embezzled more than $50 million from Cisco Systems, despite a personal fortune of $34 million, should not have to pay interest on the stolen money, a divided federal appellate panel has ruled.
   &nb...

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