A former senior Cisco Systems executive who pled guilty to embezzling $17 million worth of funds and stock from his former employer and transferring it into the account of a Bahamas-based International Business Company (IBC) he controlled has been described by a court judgement as a “disappointing story of a promising federal appellate law clerk gone bad”.
In a ruling that upheld most of the $27.397 million Robert Gordon was ordered to pay in restitution by a California district court judge, Judge Richard Clifton, of the ninth circuit court of appeals, said, “This case presents the disappointing story of a promising federal appellate law clerk gone bad.
“Robert Gordon, a graduate of Stanford Law School and a former law clerk for one of our colleagues, a judge on the US Court of Appeals for the seventh circuit, embezzled millions of dollars in cash from his employer Cisco Systems.”
Gordon, a Cisco Systems former vice-president and director of business development previously pleaded guilty to wire fraud and insider trading in the northern Californian district court.
Source: Neil Hartnell, The Tribune
