Screw with Count Vikula at your own risk.
Former Citigroup VP Gary Foster was sentenced to 97 months
in prison for embezzling almost $23 million from the bank, according to federal
prosecutors in Brooklyn, New York. Foster pleaded guilty to bank fraud in
September, admitting that he transferred money from various Citigroup accounts
to his own at JPMorgan Chase. He concealed his activities by making false
accounting entries, according to the government.
He used the money to buy real estate and luxury sports cars,
including a Ferrari and a Maserati, prosecutors said. The government has seized
or restrained property from Foster valued at a total of $14 million. “I
executed a scheme to defraud Citigroup,” Foster told U.S. District Judge Eric
Vitaliano at his plea hearing last year in Brooklyn. “I directed funds to be
wired into my personal account at JPMorgan.”
No comments:
Post a Comment