Newspaper article St Louis Post-Dispatch (MO)

Businessman in Rolla Faces Swedish Charge of Fraud over Letter of Credit

Newspaper article St Louis Post-Dispatch (MO)

Businessman in Rolla Faces Swedish Charge of Fraud over Letter of Credit

Article excerpt

A businessman from Rolla, Mo., is facing extradition to Sweden over charges he took part in attempts to sell a forged $50 million standby letter of credit.

Swedish authorities have until Feb. 27 to complete an extradition request for the businessman, Albion Norman. Federal marshals and Rolla police officers arrested Norman Wednesday night at his home in Rolla.

"He seemed surprised," said police Chief Mike Snavely, who helped make the arrest.

Norman, 52, went before U.S. Magistrate Terry I. Adelman here Thursday and remained in custody. Authorities contend Norman is not entitled to bond pending a decision on Sweden's request for extradition. A hearing is scheduled for Monday.

Norman's attorney, Jeffrey T. Demerath of St. Louis, said Norman denied the claims of Swedish authorities and would fight extradition.

Court documents allege that in August, Norman and others forged the standby letter of credit on stationery stolen from a Swedish bank, Svenska Handelsbanken. …

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