| In SDNY Guagliardo Admits
Embezzled Credit Union But Not Knowing of Kam
Wong Fraud
By Matthew
Russell Lee, Patreon
BBC
- Decrypt
- LightRead - Honduras
-
Source
SDNY COURTHOUSE,
Jan 10 – In October 2019
Joseph Guagliardo was arrested
and presented on a six count
complaint centered around
stealing from the Municipal
Credit Union, where he was a
member of the Supervisory
Committee.
On January 10,
2020 Guagliardo showed up to
plead guilty to reduced
charges, a single count,
embezzlement from from a
credit union.
But it was allocution
interruptus: when U.S.
District Court for the
Southern District of New York
Judge Denise L. Cote asked if
he had known it was wrong, he
replied, Not at the time.
Judge Cote said she could not
accept a guilty plea like
this. Guagliardo and his
lawyer went into a side room
and Judge Cote continued with
a re-sentencing (with the
defendant not in the room, and
re-sentenced to 30 years) and
a Fair Housing Act
case.
Finally Guagliardo returned
and his lawyer explained that
he was saying it didn't know
of the wider fraud at MCU, by
then CEO Kam Wong. While one
might ask, what was the
purpose of the Supervisory
Committee and about the
applicability of the Sarbanes
Oxley law, this changed story
worked for Judge Cote.
Guagliardo's guilty plea was
accepted and his sentencing
will take plase on April 10 at
2:30 pm. Inner City Press will
cover it. The case is US v.
Guagliardo, 20-cr-23 (Cote).
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2020 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com for
|
,
