A 20-year-old former Kmart cashier armed with an $8 rubber stamp, a laptop computer and an old payroll check nearly defrauded the Troy-based retailer out of tens of millions of dollars in a brazen stock swindle.
Eduardo A. Portero, who shared a ramshackle two-bedroom Miami apartment with his parents, admitted this month to attempting to steal $145 million in Kmart stock.
The FBI said Portero set up dozens of bank and trading accounts in Bermuda, Switzerland and other foreign countries using at least four aliases. He even opened an account in the name of Kmart treasurer James Gooch.
Federal authorities think Portero might have gotten away with at least $50 million had he remembered to include his apartment number with his account's return address.