Financial forensic expert witness Leo Fernandez testified in the Hamilton County Common Pleas Court criminal trial of former Ohio lawmaker Pete Beck. Beck is is accused of 55 criminal counts for his involvement in the failed technology company Christopher Technologies. The charges include corruption, theft, perjury, money laundering and securities related violations. Christopher Technologies co-founder and former CEO John Fussner accepted a plea deal in exchange for testifying against Beck.
In 2011, the U.S. Department of Labor announced that a federal district court in Cincinnati issued a default judgment against Christopher Technologies LLC of West Chester and its president, John Fussner, ordering $37,232.40 in employee contributions and lost opportunity costs be repaid to the participants and beneficiaries of the company’s 401(k) profit-sharing plan.
The judgment also permanently bars Fussner from serving as a fiduciary or service provider to any employee benefit plan covered by the Employee Retirement Income Security Act. The judgment was entered after the company and Fussner failed to respond to a court complaint.
The judgment resolves a lawsuit by the Labor Department against the company and Fussner for violating ERISA by failing to forward voluntary employee contributions to the company’s 401(k) plan between February 2007 and November 2008. This failure resulted in a loss to the plan of $37,232.40. As of Dec. 31, 2007, the plan had 15 participants and $41,048 in assets, the latest data available.