New York Paralegal Blog

Preet Bharara, the United States Attorney for the Southern District of New York, announced that KHADDY GARCIA was sentenced today to 10 years in prison in connection with a fraudulent scheme to withdraw funds from various bank accounts, and a second fraudulent scheme to induce a venture capital fund to wire $2 million to an account GARCIA controlled. He was sentenced in Manhattan federal court by U.S. District Judge Katherine B. Forrest.

Preet Bharara, the United States Attorney for the Southern District of New York, Janice K. Fedarcyk, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), and Jacob Christine, the Special-Agent-in-Charge of the Newark Field Office of the United States Secret Service (“USSS”), announced that KHADDY GARCIA pled guilty yesterday in Manhattan federal court to one count of bank fraud and one count of wire fraud, in connection with a fraudulent scheme to withdraw funds from various business bank accounts, and a second fraudulent scheme to induce a venture capital fund to wire $2 million to an account GARCIA controlled. GARCIA pled guilty before U.S. District Judge Katherine B. Forrest.