ADVFN - Advanced Financial Network.
HOME» NYSE » A » T Stock Price » T Stock News

Att Share News

 At&t Stock Price
T Stock Price
 At&t Stock Chart
T Stock Chart
 At&t Stock News
T Stock News
 At&t Company Information
T Company Information
 At&t Stock Trades
T Stock Trades

Judge Sentences 2 Men To Prison Over $4.4 Million VoIP Fraud

DOW JONES NEWSWIRES A federal judge sentenced two men to varying prison terms for their roles in a telecom fraud scheme that netted more than $4.4 million, the Department of Justice said Tuesday. U.S. District Judge Peter G. Sheridan sentenced Vinod Tonangi, age 33, to a year and a day in prison, while Harjeet Bhambhani, age 40, received a 37-month term. They were also ordered to serve three years of supervised release, and Tonangi owes $1.7 million in restitution. Both men pleaded guilty to one count of conspiracy to commit wire fraud by selling stolen voice over Internet protocol services to telecom companies including AT&T Inc. (T) and Verizon Communications Inc. (VZ). Phone companies often trade such VoIP services on a wholesale basis. Tonangi, Bhambhani and their alleged co-conspirators were accused of using shell companies to induce the legitimate VoIP wholesalers to provide them phone services on credit. The defendants then resold the services to other telecom companies for profit, the department said. In reality, the companies known as Paradise Communications, Reach Communications and Airtel Holdings had no operations, and did not provide the services they purported to offer, authorities said. The defendants backed up the companies' image using fake business addresses, shell company e-mail accounts with names of non-existent employees and fabricated financial reports that used the logo of a national accounting firm without its knowledge, according to prosecutors. Tonangi and Bhambhani were also accused of using a fake U.S. passport to try to prove the indentity of their non-existent lawyer, named Frank Soss. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Att (T)
DateTimeHeadline
09/30/201403:30:14Reserve Bank of India Holds Rate
09/24/201419:56:57BlackBerry Unveils Its Passport Smartphone
09/22/201421:30:21RadioShack Supplier Declined to Help Rescue Effort
09/22/201414:09:34AT&T-Chernin Venture to Buy Fullscreen Stake -- Update
09/22/201411:40:04AT&T Venture Agrees to Buy Majority Stake in Fullscreen
09/22/201411:28:51AT&T-Chernin Joint Venture Agrees to Buy Majority Stake in Fullscreen
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/16/201400:40:05Apple Reports Record Preorders for New iPhone
09/11/201422:20:29Asian Shares Rise as Nikkei Pushes Higher
09/09/201401:57:21Amazon to Offer Fire Phone for 99 Cents
09/09/201401:56:53Amazon to Offer Fire Phone for 99 Cents With 2-Year Contract
09/07/201420:13:26New iPhone Faces Risk as Carriers Phase Out Subsidies
09/04/201400:00:25Bank of Japan Stands Pat on Policy
09/02/201402:05:46Australia's RBA Holds Interest Rates Steady
08/13/201421:02:04Telstra to Buy Back Up to A$1 Billion of its Shares
08/06/201414:15:12AT&T Considering Purchase of Houston Sports Channel -Bloomberg
08/06/201407:50:10Dish Network Swings To Profit
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/23/201419:06:35Otter Media Near Deal for Majority Stake in Fullscreen -Re/code

Att and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad