Monday, July 17, 2006

Government Gets $130 Million in Civil Case

The U.S. Attorneys Office in the Southern District of New York announced in a press release here, that it reached a civil settlement with Mario Gabelli for $130 million.  This civil case emanates from a whistleblower. According to the government press release:

"the complaint alleges various friends and relatives of Mr. Gabelli were recruited to serve as officers of bogus small or very small businesses that existed only on paper, solely to certify that they met the FCC's eligibility rules. The Complaint alleges that these purported telecommunications entrepreneurs included a former aerobics instructor, the caretaker of Mr. Gabelli's vacation home, a retired professional basketball player, and a relative of Mr. Gabelli who did not know that 'spectrum' was or what 'FCC' stood for."

According to the press release, "neither Mr Gabelli nor any of affiliated entities or individuals admitted any wrongdoing or liability."

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/07/government_gets.html

Civil Enforcement | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00d83565b17869e2

Listed below are links to weblogs that reference Government Gets $130 Million in Civil Case:

Comments

Post a comment