Former Diebold Employee Pleads To Wire Fraud

CLEVELAND (AP) - A Russian man who tried to bilk Diebold Corp. of almost $1 million pleaded guilty in federal court to wire fraud.

Vlad Malenko, 32, formerly of Canton, Ohio, was arrested in September at Kennedy International Airport as he was boarding an Aeroflot jet bound for Moscow.

Malenko was international finance coordinator for Diebold Credit Corp., a wholly owned subsidiary of Diebold.

No sentencing date was set, said Assistant U.S. Attorney Linda Betzer. Judge Lesley Wells will await a presentence report. Malenko faces a maximum of five years in prison, a $250,000 fine plus $100,000 special assessment, and three years of supervised release.

Betzer said Malenko likely will serve between 27 and 33 months in prison. As a foreign national, he will be turned over to Immigration and Naturalization Service when he is released and probably will be deported, she said.

Malenko was hired at Diebold Credit in May 1999. He handled international leasing accounts for Diebold customers.

Betzer said Malenko directed a Diebold customer to send $961,000 in Diebold payments to an account Malenko established in Cyprus.

(Copyright 2001 by The Associated Press. All Rights Reserved.)