Three top managers of NYCHA’s elevator division regularly filed false reports claiming lifts had been inspected when they weren’t – even after a huge public outcry over the death of an elderly tenant in a horrific 2015 accident.
Thank you to the New York State Society of CPAs’ Anti-Money Laundering & Counter Terrorist Finance Committee for organizing this wonderful annual conference. And thank you to Sean O’Malley, Senior Vice President at the New York Fed, for inviting me.
Manhattan District Attorney Cyrus R. Vance, Jr., together with the U.S. Attorney’s Office for the Southern District of New York (SDNY), today announced the resolution of a joint investigation into the criminal conduct of Société Générale (“Soc Gen”), the sixth-largest bank in Europe, and the payment of $880 million in penalties and forfeiture to criminal prosecutors.
“In total, the defendants are alleged to have obtained approximately $35 million in funding through their scheme.”
Terrence Edwards, the site supervisor, and Timothy Braico, branch manager for Western Waterproofing Company, were both charged with second-degree assault and reckless endangerment, Manhattan District Attorney Cyrus Vance announced Thursday.