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
06/29/201517:21:34Current Report Filing (8-k)
06/29/201516:57:028 Charts to Celebrate the iPhone's 8th Birthday
06/29/201516:20:22Barclays Names Former Dallas Fed President Fisher as Adviser
06/26/201515:25:00Communications Workers of America Ratify Agreement for AT&T Corp.
06/26/201514:07:27Initial Statement of Beneficial Ownership (3)
06/26/201513:15:00Communications Workers Of America Ratify Agreement Covering AT&T...
06/26/201512:53:00AT&T Declares Quarterly Dividend
06/26/201511:21:45DOJ Warns Airwaves Auction Could Impede Competition
06/26/201510:50:08AT&T Names Former Dallas Fed President Fisher to Board
06/26/201510:49:08AT&T Names Former Dallas Fed President Fisher to Board
06/26/201509:44:18Current Report Filing (8-k)
06/26/201509:18:00Richard Fisher Joins AT&T Board of Directors
06/26/201506:20:08Eurozone Private Lending Rises
06/26/201501:00:00AT&T Digital Life Expands In Baton Rouge And New Orleans
06/25/201519:10:22AT&T Plans $3 Billion Expansion in Mexico
06/25/201518:41:37AT&T Plans $3 Billion Expansion in Mexico
06/25/201516:17:19DOJ Warns Airwaves Auction Could Impede Competition
06/25/201514:30:00Mayor Lee, AT&T Kick Off "SF Summer Of Giving" Supporting Nonprofits...
06/25/201514:00:00AT&T to Invest Approximately US$3 Billion in Mexico to Extend...
06/25/201514:00:00AT&T INVERTIRÁ ALREDEDOR DE $3,000 MILLONES DE DÓLARES EN EL D...

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