Ex-Toy Executive Pleads To Bribes

A former Hasbro Co. vice president pleaded no contest Monday to taking $3 million in bribes from a company that shipped the toymakers’ products.

Israel Laudon, 70, of Warren, R.I., was sentenced to nine months’ home confinement by Superior Court Judge Joseph Rodgers Jr. He also was given a 63-month suspended sentence with probation, and paid $250,000 in fines.

Laudon’s scheme was revealed in March 1993 when the former owners of H.P. Leasing and Peck Leasing, trucking companies that had been making payoffs since 1980, called Hasbro and told officials about the bribes.