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Wrong Anthony Cuti?

Anthony J. Cuti

President

Pathmark Stores , Inc.

HQ Phone:  (732) 499-3000

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Pathmark Stores , Inc.

200 Milik Street

Carteret, New Jersey,07008

United States

Company Description

Pathmark (Nasdaq: PTMK) is a regional supermarket chain currently operating 141 supermarkets primarily in the New York - New Jersey and Philadelphia metropolitan areas, employing over 24,000 associates. Pathmark was a pioneer in the "super center" concept, whi... more.

Find other employees at this company (40)

Background Information

Employment History

Chief Financial Officer of the Bristol-Myers International Group

Bristol-Myers Squibb Company


Chief Executive Officer

Duane Reade Inc.


Affiliations

Supermarkets General Corp.

President


Fairleigh Dickinson University

Board of Trustees


Education

bachelor's degree

Rutgers University


master

business administration

Fairleigh Dickinson University


Web References(65 Total References)


www.observer.com

Its former CEO, Anthony Cuti, and its former CFO, William Tennant, were convicted of falsely inflating the company's financial performance.
And aside from a short time seven years ago-when the now-convicted felon Anthony Cuti was running Duane Reade and tried to break the union-even labor has been on Duane Reade's side. In 1996, Bain hired Cuti, the former president of Pathmark, shortly before it sold Duane Reade, reportedly for $350 million, to another buyout firm, DLJ Merchant Banking Partners, which took the company public in 1998. With the profits from the I.P.O., Mr. Cuti took over other New York City drug store chains-Love's, Rock Bottom, Value Drug-and passed the hundred store mark. In 2000, according to federal prosecutors, he started cooking the books, making the company more attractive to buyers and misrepresenting company finances when it went private again, purchased by Oak Hill Capital Partners for $750 million in 2004. Oak Hill fired Mr. Cuti a year later and redesigned the company logo, changing its color scheme from blue and red to lilac and black.


www.northjersey.com

Saddle River resident Anthony J. Cuti, the former CEO of Duane Reade, Inc. was indicted today on charges of running fake real estate and credit schemes to fraudulently inflate the drugstore chain's income. The indictment, which was unsealed in U.S. District Court in Manhattan, also charged Cuti, 63, with securities fraud and making false filings to the Securities and Exchange Commission.The schemes helped Cuti, who was the company's CEO from 1996 to 2005, secure compensation of more than $50 million between 2000 and 2005, the indictment alleges.Cuti previously was president of Pathmark Stores Inc. and Supermarkets General Corp., and chief financial officer for Bristol-Myers Squibb Co.Cuti and his attorney, Reid Weingarten, could not be reached for comment.Authorities charged Cuti and Tennant with conspiracy to commit securities fraud, securities fraud and making false statements in SEC reports and to auditors.In the credit scheme, Cuti directed an unnamed conspirator, an employee of Duane Reade, to get fictitious credits from company vendors, who later billed Duane Reade for the same work, the indictment alleges.The fake credits were then balanced in the company's books with "rebillings" from the vendors, which Cuti ensured were filed as capital expenditures that could be amortized over time, authorities said.Cuti and Tenant also sold worthless real estate rights, including remaining time on leases and options on retail outlets, to brokers, real estate developers and landlords, the indictment says.The SEC suit describes the deals as "round trip payments" in which Cuti promised to repay the alleged buyers at a later date.The deals helped Cuti negotiate the $50 million in compensation packages with Duane Reade and Oak Hill Capital Partners L.P., which purchased Duane Reade's stock in 2004, the indictment said.Cuti received his bachelor's degree at Rutgers University and his master's in business administration at Fairleigh Dickinson University.He worked as a research pharmacologist for Ciba Geigy and also worked for Revlon and Bristol Myers Corp. before joining Supermarkets General Corp., then the parent company of Pathmark, which was based in Carteret, in 1990.He became president of Supermarkets General in 1993.As CEO, Cuti led the drugstore chain's expansion from 59 stores to more than 200 stores. E-mail: morley@northjersey.comFit story on 1 pagePage 1 2 >> Saddle River resident Anthony J. Cuti, the former CEO of Duane Reade, Inc. was indicted today on charges of running fake real estate and credit schemes to fraudulently inflate the drugstore chain's income.The indictment, which was unsealed in U.S. District Court in Manhattan, also charged Cuti, 63, with securities fraud and making false filings to the Securities and Exchange Commission.The schemes helped Cuti, who was the company's CEO from 1996 to 2005, secure compensation of more than $50 million between 2000 and 2005, the indictment alleges.Cuti previously was president of Pathmark Stores Inc. and Supermarkets General Corp., and chief financial officer for Bristol-Myers Squibb Co.Cuti and his attorney, Reid Weingarten, could not be reached for comment.Authorities charged Cuti and Tennant with conspiracy to commit securities fraud, securities fraud and making false statements in SEC reports and to auditors.In the credit scheme, Cuti directed an unnamed conspirator, an employee of Duane Reade, to get fictitious credits from company vendors, who later billed Duane Reade for the same work, the indictment alleges.The fake credits were then balanced in the company's books with "rebillings" from the vendors, which Cuti ensured were filed as capital expenditures that could be amortized over time, authorities said.Cuti and Tenant also sold worthless real estate rights, including remaining time on leases and options on retail outlets, to brokers, real estate developers and landlords, the indictment says.The SEC suit describes the deals as "round trip payments" in which Cuti promised to repay the alleged buyers at a later date.The deals helped Cuti negotiate the $50 million in compensation packages with Duane Reade and Oak Hill Capital Partners L.P., which purchased Duane Reade's stock in 2004, the indictment said.Cuti received his bachelor's degree at Rutgers University and his master's in business administration at Fairleigh Dickinson University.


www.sec.gov [cached]

Anthony J. Cuti Anthony J. Cuti has been our Chairman of the Board, Chief Executive Officer and President since July 30, 2004.He is also the Chairman of the Board, Chief Executive Officer and President of Duane Reade Inc., having served in such capacities since April 1996.Prior to joining us, Mr. Cuti served as President and as a member of the Board of Directors of Supermarkets General and Pathmark from 1993 to 1996 and, prior to being named President of Supermarkets General and Pathmark, Mr. Cuti was Executive Vice President and Chief Financial Officer of Supermarkets General.From 1984 to 1990, he was the Chief Financial Officer of the Bristol-Myers International Group of the Bristol-Myers Company and prior to that was employed by the Revlon Corporation.Mr. Cuti serves on the Board of Trustees of Farleigh Dickinson University.


clintonbrook.com [cached]

Representing former Duane Reade CEO Anthony Cuti in civil arbitration against his former employer, Duane Reade, and its former private equity owner.
Appeal of securities fraud conviction for former CEO: Anthony Cuti, CEO of Duane Reade drugstores from 1996 to 2005, was charged with committing criminal securities fraud by allegedly inflating earnings through dozens of different "round-trip" transactions. Based on his experience working with Mr. Brook during trial in 2010, Mr. Cuti selected Mr. Brook to serve as lead counsel in the appeal of his conviction. Appeal of restitution award: In a separate appeal to the Second Circuit on behalf of former Duane Reade CEO Anthony Cuti, Mr. Brook challenged the district court's multi-million dollar restitution award, which consisted of legal fees spent by Duane Reade's lawyers.


clintonbrook.com [cached]

New York, NY, February 6, 2015 - The Second Circuit U.S. Court of Appeals issued an amended opinion regarding the appeal by former Duane Reade drugstore chain CEO Anthony Cuti, vacating more than two-thirds of the $7.6 million restitution award that had been imposed in the Southern District of New York following Mr. Cuti's 2010.
CEO Anthony Cuti asked the Second Circuit on Thursday for a retrial Itchy I. 15X scent http://www.magvell.com/retin-a-where-to-buy-in-canada from In impatient. This afternoon, Brian Brook will present oral argument before the Second Circuit Court of Appeals in New York in connection with its criminal defense of Anthony Cuti, the former CEO of Duane Reade.


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