Telecom company executives hit with $20M fraud charges in New York in first case of self-reporting
Senior personnel at a telecommunications company orchestrated a "calculated embezzlement scheme" to divert millions of dollars into their own pockets, federal prosecutors in New York charged in the first case of its kind that involved self-reporting by the company that allowed the corporation to avoid criminal charges.Mohd Hafiz Lockman, Mohd Yuzaimi Yusof and Khanh Thuong Nguyen allegedly misappropriated more than $20 million from Telekom Malaysia's U.S. subsidiary using false statements, […]