Citigroup ex-VP pleads guilty to embezzling $22M
Court Alerts
A former Citigroup vice president in New York City has admitted to embezzling more than $22 million from the bank for his personal use.
Gary Foster pleaded guilty to bank fraud charges in Brooklyn federal court on Tuesday.
The New York Post says that under the plea agreement, he faces up to 10 years in prison.Prosecutors say Foster also could be fined as much as $44 million.
Authorities say he used the money to buy luxury cars and homes in Manhattan, Brooklyn and New Jersey.
Foster was arrested in June. He was vice president of the treasury finance department until quitting in January.
According to court papers, Foster siphoned funds from various Citigroup accounts and wired the money into his private account at another bank.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.