As 2010 draws to a close, it's the perfect time to reflect on our many blessings. Some printers, though, won't be ringing in the new year with the typical holiday cheer. That's because their businesses suffered losses, and in some cases their demise, at the hands of "trusted" employees who embezzled large sums of money.
Commercial printing industry supplier company and personnel news from Printing Impressions’ December 2010 edition, highlighting Heidelberg’s open house for the North American launch of the 40˝ Speedmaster CX 102 press.
CAMDEN, NJ—The former CFO of then-Harold M. Pitman Co., a Totowa, NJ-based graphic arts and printing supply company, pleaded guilty to wire fraud and tax evasion in connection with a $2 million embezzlement scheme, U.S. Attorney Paul J. Fishman's office announced.
John Eichner admitted that, from 2003 through 2009, he embezzled money from the company by falsifying his expense reimbursement forms. He submitted numerous reimbursement requests for personal expenses and caused wire transfers to be sent, including $30,000 to pay for cases of wine, from Pitman accounts.
Commercial printing industry news briefs, including items on Brown Printing, the Espresso Book Machine, RR Donnelley inkjet press, Quad/Graphics, Dartmouth Printing and others.
APPLETON, WI—The university where the late CEO of a printing industry distributor and his future wife first dated is benefitting from the couple's philanthropy. Lawrence University, where Paul Schmidt and his wife, Kay, attended the school's homecoming festivities together in 1935, will receive $3.99 million.
Drupa 2008 has claim to the label, but calling this the Inkjet Graph Expo was even more apt because the technology accounted for much of the printing equipment running on the show floor. That's, of course, factoring in the large number of wide- and superwide/grand-format inkjet printers on display.
Commercial printing industry supplier company and personnel news, featuring Finch Paper, from Printing Impressions' September 2010 edition.
Agfa Graphics' revenue improved by 19.9 percent (to 391 million Euro) vs. the second quarter of 2009. Broken down in business segments, the growth was due to an upturn of the digital computer-to-plate business and the group's success in the analog computer-to-film market.
Commercial printing industry news briefs, including items on Berlin Industries, Consolidated Graphics,
Japs-Olson and more.
