Saturday, 15 February 2020

Former Newsweek Executive Pleads Guilty to Fraud

A former top executive at Newsweek’s one-time moms and dad business pleaded guilty Friday to state fraud and money-laundering charges for his function in a plan to illegally acquire more than $35 million in funding, a few of which went to keep the struggling news organization afloat.

Etienne Uzac, the previous co-owner and chairman of IBT Media, Inc., was one of four offenders to go into guilty pleas this week in what prosecutors called a global personality of the case, in which “all the necessary celebrations” would plead guilty.

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source https://jobsearchtips.net/former-newsweek-executive-pleads-guilty-to-fraud/

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