![]() ![]() IRIS (formerly Thomson Reuters), Ann Arbor, MI 2008 – present A Payroll and Accounting Software and Service Company Corporate Secretary, Chief Compliance Officer, Director and Officer – Business Leader for the myPay Payroll services operation of the corporation. Corporate Officer and Chief Compliance Officer. Dedicated to building and motivating cross-functional teams that consistently exceed expectations. Broad-based expertise includes due diligence, acquisitions, startup and turnaround, finance, growth, information systems, customer service, tax reporting and compliance, vendor relationships, and human resources. Adept at applying innovative strategic tactics to improve effectiveness and client satisfaction while minimizing costs and maximizing profitability. Another page, which detailed the company’s history and founding by Khan, was also removed.Results-oriented operations and finance executive with over 30 years of experience developing payroll and business process outsourcing solutions for Fortune 100 corporations. On Monday afternoon, references to Khan and IOI’s treasurer, Robert O’Brien, were no longer visible on the company’s website. Joseph County, WNIT and the Studebaker Museum. Khan is currently a member of the board of directors for 1st Source Bank, and previously served on the boards of the Memorial Health Foundation, the Community Foundation of St. But CNA decided to shut down the division of the company in 2002, and Khan founded IOI shortly after to preserve more than 100 jobs. In 1998, according to Tribune archives, Interlogic Sytems was sold to Chicago-based insurance holding company CNA. ![]() Khan founded Interlogic Systems Inc., the predecessor to IOI, in 1988 to provide payroll processing services and other human resources work. Messages from The Tribune left at the office in Elkhart, with attorneys representing KeyBank and with attorneys for Khan were not returned. “KeyBank has lost, or is in immediate jeopardy of losing, approximately $122 million as a result of the wrongful conduct of Khan and Interlogic,” the lawsuit says. Since the lawsuit was filed last week, restraining orders have been issued to freeze Khan’s personal assets and direct Berkshire, Wells Fargo and JPMorgan Chase to set aside the money transferred to them, except for amounts that are “specifically identifiable and traceable to transfers from Interlogic’s customers … and earmarked for payroll services,” legal documents say. It wasn’t until after the wire transfers were processed that KeyBank received a notice from Lake City Bank that the checks were being returned because of insufficient funds, according to court documents. Then, Khan ordered wire transfers last July 8 from IOI to a trio of other banks - Berkshire Bank, Wells Fargo and JPMorgan Chase - totaling $122 million. It lays out a timeline showing that Khan issued checks through Lake City Bank from a pair of related companies, TimePlus and IOI Payroll, to Interlogic on July 3 and July 5. The lawsuit was filed last week in federal court in Cleveland, where KeyBank is headquartered. The company faces a civil fraud lawsuit from KeyBank over “fraudulently initiated wire transfers.” KeyBank also claims in court documents that IOI’s CEO, Najeeb Khan, knew there wasn’t enough money to cover the transfers. Interlogic Outsourcing, Inc., or IOI, processes payroll for over 6,000 clients across the country, its website says. ELKHART - A payroll processing company based in Elkhart made a $122-million overdraft by initiating wire transfers without having the money to cover the transactions and still hasn’t paid the money back, according to a federal lawsuit filed in Ohio. ![]()
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