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Friday, September 10, 2004

Former Symbol Tech. CEO Makes "Most Wanted" List

Tomo Razmilovic, former CEO of Symbol Technologies and one of numerous indicted Symbol executives that allegedly "used every trick in the very long book of fraud" to victimize shareholders and enrich themselves was declared a fugitive back in June 2004 after his lawyer told prosecutors Razmilovic would not return to the U.S. to face formal charges.

According to this article today in the New York Post, Razmilovic is believed to be in Sweden:

After being declared a fugitive, Razmilovic was spotted vacationing on his yacht in the Adriatic Sea before returning to Sweden, where he took up residence in a remote seaside home.

A native of Croatia and a Swedish citizen, Razmilovic has told reporters that he is innocent and won't return to the U.S. because he doesn't believe he will get a fair trial.

Although warrants have been issued for his arrest here and abroad, Swedish authorities won't move on him until the U.S. government makes a formal request.

The government can ask Swedish authorities to extradite him or prosecute him there, but the process will take months to work its way through legal and diplomatic channels.

Sweden's treaty with the U.S. does not mandate that it extradite Swedish nationals.

The article also notes that Razmilovic has been added to the "Most Wanted" list by the U.S. Postal Inspection Service, which posted notice of a $100,000 reward and this "Wanted" picture on its website.

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