In the courtroom, the ex-chief executive of Jesup was sentenced for swindling more than half a million dollars.
Anthony James Lang, a 42-year-old former CEO of a telecommunications provider in the Northern District of Iowa, has been sentenced to more than three years in federal prison for his involvement in a six-year fraud scheme.
The sentence, handed down by United States District Court Chief Judge C.J. Williams in Cedar Rapids, includes a prison term of 38 months' imprisonment, followed by a three-year term of supervised release. Notably, there is no parole in the federal system.
Lang pleaded guilty to one count of wire fraud in April this year. The fraudulent scheme, which he devised and executed, resulted in the theft of over $600,000 from his employer. The investigation into Lang's case was conducted by the FBI.
During the six-year period from January 2017 to January 2023, Lang, who had access to his employer's books and accounts as the CEO, manipulated the company's financial records to conceal the fraudulent transactions.
In addition to the prison term, Lang was ordered to make $662,736 in restitution to his former employer. The case against Lang was prosecuted by Assistant United States Attorney Nicole L. Nagin.
Lang has been released on bond and is required to surrender to the Bureau of Prisons at a future date. The search results do not provide information about the prosecutor who conducted the initial investigation against Anthony James Lang.
Read also:
- United States tariffs pose a threat to India, necessitating the recruitment of adept negotiators or strategists, similar to those who had influenced Trump's decisions.
- Weekly happenings in the German Federal Parliament (Bundestag)
- Southwest region's most popular posts, accompanied by an inquiry:
- Discussion between Putin and Trump in Alaska could potentially overshadow Ukraine's concerns
