Ex-Citi executive sentenced after accepting bribes

Money On Hook

The bribes were sometimes delivered as cash-stuffed envelopes to the Citigroup executive.

Other times, contractors seeking business sent checks to a fake company that the executive ran from his house. One electrical company bought him a lavish hunting trip in Alaska. Another contractor built a patio and barbecue at the executive’s home.

The New York Times reports that Manhattan prosecutors said the man at the center of the bribery scheme was John Cassisi, an electrician and former child actor who in early 2012 had risen to become the director of global construction for Citi Realty Services, the Citigroup unit that manages its offices and branches.

The companies paid Cassisi more than $500,000 in bribes over three years in an effort to win contracts on a $1.6bn project to renovate the corporation’s future headquarters at 388 Greenwich Street in TriBeCa, the Manhattan district attorney’s office said.

To access the complete New York Times article hit the link below

Ex-Citigroup Construction Executive Admits Taking $500,000 in Bribes

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