Telecom company execs hit with $20M fraud charges in first case of self-reporting
Three executives from Telekom Malaysia's U.S. subsidiary have been charged with fraud totaling over $20 million. The charges stem from a self-reporting program that allowed the company to avoid criminal charges by cooperating with authorities. The defendants allegedly engaged in a series of deceptive practices to misappropriate funds from the company.
- ▪The executives are charged with wire fraud conspiracy, wire fraud, and aggravated identity theft.
- ▪They allegedly misappropriated funds through false statements, forged records, and impersonation.
- ▪Telekom Malaysia reported the fraud to the U.S. attorney’s office and is cooperating with the investigation.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onTelecom company executives hit with $20M fraud charges in New York in first case of self-reportingThe case comes under a program designed to resolve cases quickly.ByAaron KaterskyMay 21, 2026, 3:48 PM0:56In this June 21, 2022, file photo, the Robert F. Kennedy Building, the Department of Justice (DOJ) headquarters is shown in Washington, D.C.STOCK IMAGE/Getty ImagesSenior personnel at a telecommunications company orchestrated a "calculated embezzlement scheme" to divert millions of dollars into their own pockets, federal prosecutors in New York charged in the first case of its kind that involved…
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