2 Cop Pleas As Manhattan DA Looks To Wrap Newsweek Case
Law360, New York (February 14, 2020, 4:25 PM EST) -- The co-owner of IBT Media Inc., which once owned Newsweek magazine, and the CEO of a religious publisher pled guilty to fraud and money laundering before a New York state judge Friday as the Manhattan district attorney's office pushed toward a "global resolution" of a $36 million loan scheme.
IBT Media co-owner Etienne Uzac and Christian Media Corp. CEO William Anderson copped to fraud and second-degree money laundering counts before New York Supreme Court Justice Ruth Pickholz. They are scheduled to be sentenced on April 20 for the low-level felony offenses.
Both men entered pleas after extensive negotiations and expect sentences that...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!