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 N.J. Jew admits to bilking government out of billions

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amalgamy
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PostSubject: N.J. Jew admits to bilking government out of billions   Fri May 08, 2015 7:35 pm



UPDATED TODAY

TRENTON — The former CEO of a New Jersey-based international engineering contractor admitted Friday to conspiring to defraud the U.S. Agency for International Development in billions of dollars in contracts over a nearly 20-year period.

Derish Wolff, 79, of Bernardsville, pleaded guilty in front a federal judge to superseding information charging conspiracy to defraud the government with respect to claims, U.S. Attorney Paul J. Fishman announced in a news release.

According to federal prosecutors, Wolff led a conspiracy to defraud USAID by charging inflated rates for many of its common office overhead expenses — including rent, unrelated work hours and other costs — for reconstruction projects in Afghanistan and Iraq.

The Louis Berger Group handled hundreds of millions of dollars of contracts for reconstructive work in Iraq and Afghanistan, and in other nations, Fishman said.

From 1990 to 2000, Wolff ordered LBG’s assistant controller to instruct accounting departments to pad its time sheets with hours devoted to federal government projects, when the workers were not performing on the projects, according to Fishman.

At an annual LBG meeting in September 2001, Wolff reportedly denounced the company’s controller, Salvatore Pepe, when presented with a rate he thought was too low, calling him an “assassin.”

After the meeting, Pepe, who eventually became the chief financial officer, and Prece Pellettieri “hatched a fraudulent scheme from 2003 through 2007” to reclassify its employees — including high ranking executives — work hours without their knowledge, Fishman said.

Fishman said Wolff admitted in court today that Pepe and Pellettieri carried out the scheme at his direction.

On the same day Pepe and Pellettieri pleaded guilty in 2010, LGB agreed to pay $69 million to settle civil charges in the scheme.

The company also agreed to go under the supervision of a federal monitor as part of a deferred prosecution agreement.

Wolff is facing a maximum penalty of 10 years in prison and a maximum $250,000 fine, or twice the gain or loss caused by the offense, Fishman said.

Sentencing is scheduled for March 20, 2015.

Ex-CEO sentenced for scheme involving Iraq, Afghanistan work

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THE ASSOCIATED PRESS
POSTED: Friday, May 8, 2015, 11:33 AM
TRENTON, N.J. (AP) - The former CEO of a New Jersey-based engineering consulting company has been sentenced for a scheme in which the U.S. government was overbilled for reconstruction projects for nearly 20 years.

Derish Wolff will serve 12 months of home confinement and will be required to pay a $4.5 million fine.

The 79-year-old Bernardsville resident worked for Morristown-based Louis Berger Group.

Federal prosecutors contend the company padded work hours to make it appear employees had spent time on the government contracts when they actually had not.

Some of the work involved reconstruction projects in Iraq and Afghanistan for the United States Agency for International Development, a federal agency that advances U.S. foreign policy in developing countries and countries destabilized by war.

Prosecutors say the conspiracy started in 1990 and ended in 2007.


Read more at http://www.philly.com/philly/news/new_jersey/20150508_ap_ae5924f0e22b44f1b34882d81e8455b6.html#TaI1pkVHQhQrfcxD.99
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WaltD
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PostSubject: Re: N.J. Jew admits to bilking government out of billions   Fri May 08, 2015 10:17 pm

Thats a J EWs J EW there.....

Reminds me of a joke.


What happened when the J EW walked into a door with a full erection?

Answer:
He broke his nose

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WaltD
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PostSubject: Re: N.J. Jew admits to bilking government out of billions   Fri May 08, 2015 10:17 pm

Thats a J EWs J EW there.....

Reminds me of a joke.


What happened when the J EW walked into a door with a full erection?

Answer:
He broke his nose

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Jacob Gold
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PostSubject: Re: N.J. Jew admits to bilking government out of billions   Sat May 09, 2015 5:09 pm

How many goyim died in Iraq?
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Vidarr
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PostSubject: Re: N.J. Jew admits to bilking government out of billions   Sat May 09, 2015 8:02 pm

Derish Wolff will serve 12 months of home confinement and will be required to pay a $4.5 million fine.

That must have seriously hurt his feelings.
Who's gonna pay for the resulting claustrophobia trauma therapy.. being confined to a home probably the size of my whole neighborhood is absolutely nerve wrecking

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