Monday, July 16, 2012

Bobcats stakeholder convicted - Atlanta Business Chronicle:

cahijisebi.wordpress.com
U.S. District Court Judge Patricia Seitzs went with the upper limitr ofsentencing guidelines. In they were ordered to pay $6.9 millionh in restitution. The brothers were involved in a purchase-orderd scheme, which resulted in Kendalp Regional Medical Center in south Floridaz losingsome $5 million in supplies that were never delivered. The brothers admitted to the fraudsin September, which they said startedc as early as 1993. They are the founders of Miami-based once one of the largest Hispanic-owned businessexs in the country.
The company went bankrupt in Thede Céspedeses were also sentenced for their participatio n in a tax-evasion scheme in which they admitteed underreporting their income. A Bobcats Sports Entertainment spokesman says Jorgede Céspedesz continues as a minority shareholder in the company. Bobcatss Sports & Entertainment owns the and operatesx the publicly owned Time Warner Cable Arena The team began its fifth NBA seasohnon Oct. 30.

No comments:

Post a Comment