Thursday, January 25, 2007

Former NBC Universal Treasurer Jung Indicted in Theft

The former treasurer of NBC Universal Inc. was charged with stealing $813,000 from the company to finance private jet trips to the Caribbean, a summer home in the Hamptons and catered meals featuring Veuve Clicquot champagne.

Victor Jung, 34, pleaded innocent to two counts of wire fraud today in federal court in Manhattan and was released on a $250,000 bond. His lawyer, Christopher Brennan, said Jung will ``vigorously'' fight the charges. Jung, who was indicted by a federal grand jury, faces as long as 20 years in prison.

Jung, of Manhattan, spent most of the stolen money on flights to ``places such as Miami, Antigua and Turks and Caicos Islands,'' U.S. Attorney Michael Garcia said in a statement. Jung and ``his travel companions consumed catered Veuve Clicquot champagne, Grey Goose vodka, Mondavi wine, and shrimp cocktails.''

Former NBC Universal Treasurer Jung Indicted in Theft

Labels: fraud, segregation of duties, theft

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