Michael L. Rakieten

Michael L. Rakieten , a former marketing executive at Tanisys Technology Inc. and Dell Computer Corp. , is awaiting hearings on the indictments this month.A trial date hasn't been set.

Rakieten , 38 , lives in Round Rock.He declined to comment and referred questions to his attorneys.

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Rakieten most recently was vice president of Saison Produkt , a wholly owned subsidiary of Saison Electronics Ltd. of Hong Kong that set up its U.S. headquarters two years ago in Austin.Saison makes cable and wire harnesses , wiring components for electronics manufacturers and power protection devices.

Saison Produkt was forced to leave its 25 , 000-square-foot space in Park 96 Service Center on Dessau Road in January and since has gone out of business.

We got locked out of our building , says Tak Nishimura , former director of Saison Produkt and son of Saison CEO Hajime Nishimura.He [ Rakieten ] had signed a lease for five years. ... So we got stuck in this lease we couldn't pay on , and the landlord , the real estate company , wasn't willing to renegotiate with us.We went months into debt.

He [ Rakieten ] generated zero revenue.For the whole time he was employed and ran operations , we lost money every month..

Saison Produkt , which employed six or seven people at its peak , lost more than $ 1 million , Nishimura says.

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The lease was reviewed by the company's attorneys and revised by them ; for them to blame Michael is preposterous , Greenberg says.

In terms of revenue , the company had $ 250 , 000 in purchase orders when Rakieten left the company last July , Greenberg says.
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Before joining Saison Produkt in 1999 , Rakieten was marketing manager of CyberPower Systems Inc. , a Taiwanese company that established its U.S. headquarters in Austin in 1997.Rakieten and others helped run the office with CyberPower President Reed Hinkel , but Rakieten left in early 1999 after the company failed to meet its numbers.Rakieten and others helped run the office with CyberPower President Reed Hinkel , but Rakieten left in early 1999 after the company failed to meet its numbers.
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Michael is highly educated.He speaks fluent Chinese and has two degrees.He's an educated person , says Lovett , president and CEO of CyberPower.

But Rakieten had no experience in the development of product lines , handling customers , implementing the office area , Lovett says.

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No records could be found indicating Rakieten has been sued in Travis County , Williamson County or federal courts in connection with his business dealings.

Rakieten is the registered agent for a Texas company called Cosmic Gadgets LLC , according to state documents.