And now he faces up to 20 years in the slammer
A now-former senior IT exec has admitted conning his employer out of $6m – by setting up a fake tech services biz that billed his bosses for bogus services.
US prosecutors announced on Friday that Hicham Kabbaj, 48, of Floral Park, Long Island, New York, pleaded guilty to one count of wire fraud. He faces up to 20 years in the clink, though in all likelihood will get much less, and will be sentenced later this year by presiding federal district Judge Richard Berman.
"Today, Mr Kabbaj pled guilty to a serious felony because he chose to misuse his position of trust as a corporate executive to steal company funds for his own personal gain," said Jonathan Larson, the Internal Revenue Service sp ..
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