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Authorities are searching for a former executive at Cisco Systems accused of diverting about ten million dollars in Cisco-owned stock into personal accounts in the Bahamas.

Robert Gordon, of Palo Alto, was indicted last year on two counts of wire fraud for the alleged multi-million-dollar scheme. He has pleaded not guilty.

Gordon was free on a $5 million cash bond.

This post was last modified on 01/31/2009 5:28 pm