Ex-FTE CEO Gets 12 Years For $13.6M Accounting Fraud

By Stewart Bishop · September 25, 2025, 7:36 PM EDT

The former chairman and CEO of FTE Networks Inc. on Thursday was sentenced to 12 years in prison for a multifaceted $13.6 million ploy to conceal the telecommunications and real estate...

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Case Information

Case Title

USA v. PALLESCHI

Case Number

1:21-cr-00454

Court

New York Southern

Nature of Suit

Date Filed

July 13, 2021