| Rusnak Surfaces to Talk to
Authorities, Lawyer Says
By
Patrice Dickens
Capital News Service
Thursday, Feb. 7, 2002 WASHINGTON - The foreign exchange trader
wanted in connection with $750 million that is missing from Allfirst Bank
is not on the lam and has met with federal officials on the case, his
attorney said Thursday. John Rusnak met with FBI and federal
prosecutors Wednesday afternoon, said Bruce Lamdin, one of two attorneys
representing Rusnak. Officials with the U.S. Attorney's Office and
the FBI in Baltimore would neither confirm nor deny any such
meeting. "We are not speaking about particulars," said
Pete Gulotta, a special agent in the FBI's Baltimore office. Lamdin
said Rusnak has been staying "either at home or with friends,"
adding that his client has been avoiding his Baltimore home because he is
being hounded by the press. Lamdin also said that Rusnak
"came to see his attorney on Monday," when he first went missing
from Allfirst Bank, raising suspicions among internal auditors. He
declined most other opportunities to comment on the case. "We are not
going to discuss guilt or innocence," said Lamdin, who is
representing Rusnak with David B. Irwin. "He has not been charged
with anything." Gulotta and Assistant U.S. Attorney Virginia
Evans would only say that the case is still being investigated and they
cannot talk about specifics. Officials at Allfirst Bank became
suspicious last week when an annual management review of the bank's
treasury division indicated fraudulent activities in the foreign exchange
trading area. They announced Wednesday that $750 million was
missing from the foreign trades area. They suspended four employees while
they investigate the case, and have said they will fire Rusnak if he ever
shows up. Rusnak, who has worked at Allfirst since 1993, did not
show up to work on Monday, one day after Allfirst' bank inspectors began
asking questions about the legitimacy of some of his transactions. Allfirst
officials described Rusnak as a husband and father, "a solid work
performer" and an "upstanding member of the
community." He had no previous disciplinary actions against
him, officials said Wednesday, and was considered an employee of good
standing until Monday.
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