Related Federal Cases
- Shinhan Bank America Hit with $30 Million in Penalties for BSA Violations · Washington
- Shams Gets 8-25 Years: $7M Medicaid Heist · New York
- Bay Bandit: Hayden Gets 18 Months for Striped Bass Heist · Maryland
- Fuel Cell Fraud: Trio Bilked Investors of $5 Million · Colorado
- KeyBank Teller Kenney Gets 21 Months for $483K Heist · New York
$2.5 Million Heist in Plattsburgh
Two men, Keith Eric Jergensen and Debashis Ghosh, have been indicted for stealing $2.5 million from a Plattsburgh company.
According to the indictment, Jergensen and Ghosh, co-chief executive officers of Verdant Capital Group, LLC, were hired by the company in 2010 to raise funds for the construction of an airplane maintenance facility.
The company wired $2.5 million into a Wells Fargo account in December 2010, with the understanding that the money would remain in the account and could not be moved without the company’s authorization.
However, Jergensen and Ghosh began transferring the money out of the account just five days later, and by March 2011, they had transferred all $2.5 million.
The indictment alleges that Jergensen and Ghosh used the money to pay Verdant’s expenses, including employee and contractor salaries, and to pay off debts to other companies.
The indictment also alleges that Jergensen and Ghosh repeatedly lied to the company about the whereabouts of the money, telling them it was safe in another Wells Fargo account.
Jergensen and Ghosh are each charged with one count of wire fraud conspiracy and face up to 20 years in prison, 2 years of supervised release, and a $250,000 fine if convicted.
The case is being investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Michael Barnett.
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
White Collar CrimeWhite Collar CrimeWhite Collar CrimeWhite Collar Crime