embezzlement

  • News

    Former Citigroup VP Who Helped Himself To $23 Million Gets 8 Years

    Nobody fucks with Count Vikula!

    Former Citigroup Vice President 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.”

    Ex-Citigroup Executive Gets 8 Years For Embezzlement [Bloomberg]

    / Jun 29, 2012 at 5:41 PM
  • News

    Personal Assistant Wasn’t Stealing From Her Hedge Fund Boss She Was Stealing From Her Hedge Fund Boyfriend, Says Personal Assistant In Her Own Defense

    Do you see the distinction?

    Prosecutors say that when glamorous young Renata Shamrakova spent nearly a million bucks last year jet-setting around the world and buying armloads of jewelry, the funds were stolen from her high-society boss, Todd Meister. Wrong, she says. He was my lover. The 26-year-old aspiring actress pleaded not guilty in Manhattan Superior Court Thursday to charges of grand larceny, identity theft and tampering with evidence. “It’s not as clean and neat as the DA is saying,” said Mark Agnifilo, the sultry Shamrakova’s lawyer. “It’s a he said-she said. He said this is a theft. She said it is not, because there was a relationship.” Meister, 41, a Harvard Business School grad who founded the multibillion-dollar Priderock hedge fund, was not in court to hear the claim that his personal assistant maxed out his credit cards “with his consent.” But afterwards, Meister – who has dated some of the richest women in society and was once briefly married to his childhood pal Nicky Hilton – called it a bunch of nonsense. “She didn’t work out of my house, she worked out of my office. I’ve never even had a meal with her – not even a cup of coffee,” Meister said.

    Hope this clears things up.

    Glamorous assistant to Nicky Hilton’s ex says she didn’t steal from tycoon – she was his lover [NYDN]

    / Mar 2, 2012 at 12:38 PM
  • News

    When Do-It-Yourself Bonuses Backfire

    Helen Kapoutsos, a 28-year-old West Hartford woman, was arraigned Thursday, charged with embezzling nearly $170,000 worth of checks and credit cards charges used to pay for a lavish lifestyle of shopping sprees, romantic getaways to Nantucket and a trip to Aspen, CO…Kapoutsos’ employer went to New Canaan police in September to complain that his personal […]

    / Dec 23, 2011 at 11:58 AM
  • News

    Former Citigroup Employee Arrested For Embezzling $19 Million

    Apparently Gary Foster “used his knowledge of bank operations” to get the job done.

    / Jun 27, 2011 at 12:29 PM
  • News

    Wachovia VP Had Good Reason To Steal Money From Bank That You’ll Probably Never Understand

    With the money he embezzled from Wachovia ($11.2 million give or take a few clams), Scott Welch bought himself many a sports car. This was a plan, to throw people off the trail. He didn’t buy a new set of wheels “constantly,” as neighbors recall, in an attempt to hide the fact that he was […]

    / Jun 14, 2010 at 2:24 PM

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