Bricsnet -- The Plot Thickens
Former Bricsnet CEO Farid Jinian, who was indicted last month by a federal grand jury in San Francisco for embezzling more than $1 million from his employer, headed a company called Dimensia that was hired by investors to do due diligence on Bricsnet for an investment, said a source close to the case. Dimensia so far has not returned requests for comment. Bricsnet in 2007 raised $13 million from four European investors, including Torimbia SL, Stonefund NV, Paladin SA and TBC SA. The alleged fraud was brought to light by a temporary worker at Bricsnet who had access to financial documents and has since left the company. Jinian claims there was a misunderstanding about his salary -- he denies the charges and will plead not guilty, said his attorney, Douglas Schwartz of Schwartz & Cera, who adds that his client has been shabbily treated by federal authorities because he's Iranian. (Jinian is an American citizen but was born in Iran).
