Former BtoB CEO Indicted on Charges of Theft

first_imgGittlitz will appear before the court again in May, Lincolnshire, Illinois Police detective John-Erik Anderson told FOLIO:. If convicted, Gittlitz faces four to 15 years in prison. Former ICD Publications president and CEO Ian Gittlitz was indicted last week on charges of theft of more than $500,000.Gittlitz [pictured], a New York resident, was apprehended by Illinois police late last month while attending the International Home & Housewares Show at McCormick Place in Chicago. He was arrested on charges that he allegedly embezzled more than $2 million from ICD.ICD—which owns several hospitality trade magazines, including Hotel Business, HomeWorld Business and Hotel Journal—fired Gittlitz from his post at the company in July 2007. The publisher subsequently filed a lawsuit against him, alleging “fraudulent acts and a breach of fiduciary responsibility.”last_img

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