Ex-G3, Foot Locker Execs Cop To $18M Fraud Scheme

Law360, New York (May 4, 2015, 4:51 PM EDT) -- Retail design executive Latchmee "Robbie" Mahato and former Foot Locker Inc. In-store Marketing Director Kathleen Smith admitted to conspiracy charges in Manhattan federal court Monday, stemming from what authorities characterized as an $18 million bank-fraud and kickback scheme hatched by Mahato's shuttered G3 Displays business.

Mahato, 50, admitted to conspiracy to commit wire fraud and bank fraud before U.S. District Judge Jed S. Rakoff. Smith, 49, admitted to conspiracy to commit honest services wire fraud. Sentencing was set for Sept. 9.

Mahato faces a maximum sentence...
To view the full article, register now.