Manhattan District Attorney Cyrus Vance Jr. (Photo: Rick Kopstein/ALM)
While the details of their sentences have yet to be confirmed, attorneys for both men said the plea arrangements do not involve jail time.
February 18, 2020 at 05:01 PM
1 minute read
Two former publishing executives pleaded guilty Friday to fraud and money laundering, acknowledging their involvement in what the Manhattan District Attorney’s Office described as a $35 million scheme of fraudulent loans.
Etienne Uzac, a former co-owner of Newsweek magazine through the company IBT Media, and William Anderson, a former chief executive of Christian Media Corp. and former trustee of Olivet University, are scheduled for sentencing in April.
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