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Fraud suspect becomes fugitive

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The FBI have issued a warrant for a fugitive former Cisco executive charged with multi-million dollar stock fraud after he failed to report to authorities.

Robert S. Gordon, 42, a former vice president of business development at Cisco, missed a court hearing on Tuesday and has been missing since last week, according to the FBI.

"We know he's not at his house, and he wasn't at the hearing, so we're looking for him," FBI spokesman Andrew Black, told the San Francisco Chronicle.

The US attorney's office has seized a $5 million bond Gordon filed with the court last year. The authorities have already seized $17 million as part of the case and are now seeking to gain possession of his $1.6 million Palo Alto home, which was used as collateral for the bond.

Gordon was indicted by a federal grand jury last year on two counts of wire fraud, and one charge of planning to illegally move Cisco-owned stock into an offshore account he controlled in the Bahamas.

In one deal, Gordon is accused of persuading Cisco to invest $15 million in an affiliated start-up company, called Spanlink, so he could siphon off $5 million through an elaborate set of stock and money transfers.

Cisco fired Gordon in April 2001, after an internal investigation.

At a hearing last year, Gordon pleaded not guilty to the charges. ®

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