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Prosecutors seek 22 years in prison for Mann in $101M payroll fraud


Prosecutors seek 22 years in prison for Mann in $101M payroll fraud | The Daily Gazette
SECTIONS
When credibility matters
ALBANY Prosecutors are asking a federal judge to send Michael T. Mann to prison for 22 years when the perpetrator of one of the biggest financial fraud schemes in Capital Region history comes before him for sentencing Wednesday.
Mann’s defense attorney, by contrast, is asking the judge to depart from guidelines that call for 21.5 to 26.5 years in prison, and instead sentence the Edinburgh resident to only a few years behind bars, with recommendation for a minimum-security facility.
For about six years, Mann and his companies maintained a Ponzi scheme through lies, fraud and check kiting, with the sums snowballing to the point that he was moving around millions of dollars a day when Bank of America and then Pioneer Bank froze his accounts in late August and early September 2019. ....

New York , United States , Saratoga County , Michael Koenig , Lawrence Kahn , Michaelt Mann , Pioneer Bank , Saratoga County Court , Us Attorney Office , Us District Court , Capital Region , Clifton Park Based , Court Judge Lawrence Kahn , Northern District , New Hampshire , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சரடோகா கவுண்டி , மைக்கேல் க்க்நிக் , லாரன்ஸ் கான் , முன்னோடி வங்கி , சரடோகா கவுண்டி நீதிமன்றம் , எங்களுக்கு வழக்கறிஞர் அலுவலகம் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , மூலதனம் பகுதி , கிளிப்டன் பூங்கா அடிப்படையிலானது ,

Strong quarterly result and good market conditions


Strong quarterly result and good market conditions
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STOCKHOLM, July 16, 2021 /PRNewswire/
In the second quarter of 2021, Elkem delivered all-time high operating income for the third consecutive quarter and another strong quarterly result. Market conditions are good in all of Elkem s main markets with strong demand and high prices. The group s financial position is strong and the capital increase in April provides an excellent platform for further growth.
Elkem s total operating income for the second quarter 2021 was NOK 7,332 million, which was all-time high for the third consecutive quarter and up 25% from the corresponding quarter last year. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to NOK 1,371 million in the quarter, which was more than doubled compared to second quarter 2020. Earnings per share (EPS) was NOK 0.98 in the quarter, and NOK 2.15 YTD-2021. ....

Vest Agder , Geir Lyngstad , Michael Koenig , Fredrik Norman , Asia Pacific , Helge Aasen , Vp Corporate Communications Public Affairs , Oslo Stock Exchange , Silicon Products , Silicones Xinghuo , மைக்கேல் க்க்நிக் , ஆசியா பெஸிஃபிக் , ஹெல்ஜ் ஆசேன் , வ்ப் பெருநிறுவன தகவல்தொடர்புகள் பொது வாழ்க்கைத்தொழில்கள் , ஒசிலோ ஸ்டாக் பரிமாற்றம் , சிலிக்கான் ப்ராடக்ட்ஸ் ,