TEST:Ex-Euro RSCG Exec Charged With Embezzling $1 Mil.

NEW YORK–Dominador Ponsades, a former vp for finance at Euro RSCG Worldwide, has been charged by federal prosecutors with embezzling $1 million from the agency. An indictment unsealed last week alleges that between December 1996 and March 2001, Ponsades forged expense reports to cover personal debts and expenses, notably $300,000 to enlarge his wine collection. Ponsades, 41, handled the company’s internal bookkeeping in Euro’s New York office and was not responsible for clients’ funds. He worked at Euro since mid-1995 and was fired in March 2001 following an internal investigation into possible financial improprieties that seemed to implicate him, said Nancy Wynne, Euro’s general counsel.