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Media Scandal: Tom
Rubin and Tom Sullivan Nabbed by FBI
The CEO and CFO of Focus Media Allegedly Kept $31 Million
Paid by Sears
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Media Scandal:
Tom Rubin and Tom Sullivan Nabbed by FBI
The CEO and CFO of Focus Media Allegedly Kept $31 Million Paid
by Sears
Two officers of a defunct media placement company in Santa
Monica were charged with stealing $31 million that Sears,
Roebuck & Co. had paid for television and radio advertisements,
the FBI said Wednesday.
Thomas Edward Rubin, 57, and Thomas Patrick Sullivan, 63,
were arraigned this week on charges including conspiracy,
mail fraud and wire fraud, the FBI said.
Rubin, founder and chairman of Focus Media, and Sullivan,
the company's chief financial officer, never paid the media
outlets for ads Focus placed on Sears' behalf in 1999 and
2000 and instead used the money....
