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
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
07/23/201416:21:07MARKET SNAPSHOT: S&P 500 Closes At Record On Strong Earnings
07/23/201412:07:40MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Sets Intraday Record
07/23/201410:20:13MARKET SNAPSHOT: U.S. Stocks Inch Higher; Boeing Weighs On Dow
07/23/201409:50:41MARKET SNAPSHOT: U.S. Stocks Open Higher; S&P 500 At Record
07/23/201409:42:33MARKET SNAPSHOT: U.S. Stocks: Futures Higher After Strong Earnings
07/23/201407:03:16MARKET SNAPSHOT: U.S. Stocks: Futures Higher; Boeing Ahead
07/23/201406:01:52MARKET SNAPSHOT: U.S. Stocks: Futures Track Global Gains; Boeing...
07/22/201420:02:25As Phone Growth Slows, Carriers Turn to Tablets
07/21/201403:20:37MARKET SNAPSHOT: Small Caps' Slump, Ukraine Fears May Hold Up...
07/08/201416:18:43Correction to Televisa 'Happy to Talk' to Eventual Univision...
07/01/201416:00:41Correction To FTC/T-Mobile Story
07/01/201402:00:11Australia Keeps Interest Rates Steady
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/27/201402:57:45Brazil's Central Bank Sees Slower Inflation, But Dims Growth...
06/26/201405:07:06China Expands Liberalization of FX Deposit Rates

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