Clerk guilty of money laundering
An accounts receivable clerk for a Sunnyvale firm last week pleaded guilty to federal charges of laundering more than $700,000 that he embezzled from the company.
Expedito S. "Jun" Carpio on Feb. 21 pleaded guilty in U.S. District Court in San Jose to one count of money laundering, said Assistant U.S. Attorney Leo Cunningham.
Prosecutors said Carpio embezzled the money from his employer, Oceanroutes Inc., between October 1991 and March 1994.
Two other defendants in the case, Serafin Jornales and Tomas Galang, pleaded guilty to possessing a forged security with intent to defraud. Prosecutors said Jornales and Galang participated in the scheme by cashing checks that Carpio stole from his company and then splitting the proceeds with him.
As part of his plea agreement, Carpio agreed to serve 11 years and three months in federal prison. Jornales and Galang each could face a maximum of 10 years in prison and/or a $250,000 fine.
Glendale Fed courts FI customers
Glendale Federal Bank has launched an aggressive marketing campaign designed to attract customers who are dissatisfied with First Interstate Bank and its pending merger with Wells Fargo.
Glendale Federal in Sunnyvale is touting cash back, six months of free checking and the first set of checks free to new customers who open an account.
Maury Healy, a Glendale Federal spokesman, said the bank has been targeting large commercial banks for more than a year.
"Many customers at large banks are dissatisfied with their customer service. Their services tend to be marginalized with so many people," he said.
Healy said that, if the merger happens, twice as many customers will try to fit in half as many doors.
Daphne Larkin, vice president of public relations for Wells Fargo, would not speculate on what effect Glendale's marketing might have on her bank's customer base.
Brochure talks safety in more than one tongue
A state law that takes effect July 1 will require rental housing owners and managers to make information about emergency procedures available in languages other than English.
"We are now working with the state fire marshal to develop a consumer-oriented brochure that includes international symbols, as well as Spanish, Chinese, Vietnamese and Tagalog languages," said Tom Bannon, executive vice president of the Cal-
ifornia Apartment Association.
For details, call (916) 447-7881.
This article appeared in the Sunnyvale Sun, February 28, 1996.
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