crime

Former CEO Sentenced to 12 Years in Fraud Case in NYC Court

Summary

A New York federal court sentenced former tech CEO David Lang to 12 years in prison on Thursday for orchestrating a $150 million securities fraud scheme. The verdict, delivered aft

A New York federal court sentenced former tech CEO David Lang to 12 years in prison on Thursday for orchestrating a $150 million securities fraud scheme. The verdict, delivered after a four-month trial, found Lang guilty of misleading investors and falsifying company earnings reports. Prosecutors highlighted evidence of fabricated financial documents and insider trading. Lang’s defense argued the figures were accounting errors, but the jury rejected this claim, according to Reuters. The case marks one of the largest white-collar crime convictions in recent years, emphasizing increased scrutiny of corporate fraud.
2d agoVerified by Nikita Singh
Former CEO Sentenced to 12 Years in Fraud Case in NYC Court

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