Former President Of International Outdoor Advertising Company Pleads Guilty In Manhattan Federal Court To Participating In $19.75 Million Accounting Fraud Scheme
Preet Bharara, the United States Attorney for the Southern District of New York, announced that TODD HANSEN, the former President of the United States division of an international outdoor advertising company (the “Company”), pled guilty today in Manhattan federal court in connection with his participation in a five-year, $19.75 million accounting fraud scheme designed to make it appear that the Company was meeting certain performance targets so that he could receive higher salary increases and bonuses. HANSEN pled guilty today before U.S. District Judge Jed S. Rakoff.