Randy Wang, 34, of Oakland Gardens, New York, has been sentenced to 18 months in prison for defrauding his former employer, a Manhattan-based company that manages a global airline alliance.
The company, which consists of approximately 13 international airlines and their affiliates, had its credit card account used by Wang to incur more than $2.2 million in unauthorized charges from at least January 2016 through October 2017.
Wang’s purchases, which were entirely unrelated to his official duties, included 443 laptop computers, 241 mobile electronic devices, 24 tablet computers, and numerous other electronics. He made hundreds of purchases at both online and brick-and-mortar retailers.
In order to evade detection, Wang made changes to the company’s accounting records to disguise the nature of the credit card charges.
U.S. Attorney Geoffrey S. Berman stated, ‘Randy Wang took advantage of his positions of trust with his employer and charged millions of dollars’ worth of electronics on his employer’s credit card for non-business purposes.
Wang, who was employed as a business manager for the company and served as its interim chief financial officer for approximately two months, was sentenced to 18 months in prison, three years of supervised release, a forfeiture money judgment in the amount of $2,294,982.00, and a restitution order in the same amount.
Berman praised the work of the Department of Homeland Security, Homeland Security Investigations, and the El Dorado Task Force in the case.
Assistant U.S. Attorney Christine I. Magdo is in charge of the prosecution, which is being handled by the Office’s Securities and Commodities Fraud Task Force.
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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