Ex-Krahl Exec Gets 5 Years In Kickback, Billing Fraud Case

Law360, Chicago (February 5, 2013, 7:19 PM EST) -- An Illinois federal judge sentenced the former president of defunct general contractor Krahl Construction to five years in prison Tuesday for his role in a kickback and billing fraud scheme that allegedly cost Krahl clients Digital Realty Trust Inc. and Berwind Property Group more than $10 million.

John Paderta, 54, pled guilty in August to one count of mail fraud in the criminal case that has also seen guilty pleas from eight other defendants, all Krahl employees or people who worked for the victim firms. The...
To view the full article, register now.

Related

Sections

Case Information

Case Title

USA v. Paderta et al


Case Number

1:11-cr-00811

Court

Illinois Northern

Nature of Suit

Date Filed

November 10, 2011

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.