rtm logo


rtm logo
Raving Toy Maniac home page
Toy news and pictures
The Toy Buzz Forum
Toy feature articles
Toy Columns
Toy Archives
Customizing action figures
Toy resources
Toy web links
Buy / Sell / Trade Forum
toy shows and events
Chat room
RTMemo - free email newsletter
Site Map
Contact the staff of the Raving Toy Maniac
Privacy information
rtmnews_logo.gif - 4347 Bytes

Former Milton Bradley Exec Sentenced To Three Years in Prison

gotojailcard.gif - 4360 BytesA former Milton Bradley Co. vice president has been sentenced to three years in prison for a kickback scheme that a federal judge said cost the toy company more than $350,000.

Arthur Peckham, 58, of Narragansett, R.I., was also placed on three years probation and fined $54,000 at his sentencing Monday by U.S. District Court Judge Michael Ponsor.

Peckham and George Serafino, a former maintenance supervisor at the East Longmeadow company, were convicted of money laundering, mail fraud and conspiracy charges by a federal jury in November 1999. Peckham also was convicted of evading $50,774 in federal taxes.

From the late 1980s to 1994, Milton Bradley executives took kickbacks from vendors providing maintenance and other services for the East Longmeadow toy company, according to government prosecutors.

The vendors were told to inflate their contracts and funnel the extra money to two businesses run by Serafino. Serafino, in turn, funneled the money to Peckham, prosecutors said.

Serafino still faces sentencing.

[Posted 6/13/2000]


previousarrow.gif - 673 Bytesbacktortmnews.gif - 1037 Bytesnextarrow.gif - 582 Bytes


In Association with Amazon.com Big Bad Toy Store - click for more information





All images, format, content, and design are copyright © 1994-2013 Raving Toy Maniac. No part of these pages may be reproduced without express written consent of the Raving Toy Maniac. Licensed character names and images are copyright © their respective companies.