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SALT LAKE CITY, Utah (ABC4 Information) – An unsealed federal indictment charged a Washington Metropolis man with utilizing his place and authority to solicit and acquire kickbacks for his private profit from Chinese language firms.
Nan Ma, 37 is known as as the person charged within the indictment.
Based on a launch despatched to ABC4 Information: The indictment alleges Ma gave profitable contracts to those firms to fabricate and promote merchandise to his employer in alternate for the kickbacks.
The indictment continues: “Ma used a portion of the kickback cash to buy an opulent home and costly vehicles. Ma hid the supply of the funds he was getting by way of the alleged kickbacks by making false representations to his employer”
Ma apparently cashed in on $2.1 million in kickbacks for awarding roughly $12.Four million in contract to the Chinese language firms, all of which he hid from his employer.
Within the indictment says the CEO of the corporate Ma labored for requested how he was going to pay for a $450,000 dwelling? The indictment says, ” Ma responded that the cash got here from his ailing father in China, who was attempting to get cash out of China to keep away from having the Chinese language authorities take it upon his dying.”
The indictment alleges Ma’s clarification in regards to the supply of funds was false.
The indictment additionally expenses Ma with three counts of wire fraud, and 6 counts of cash laundering. It additionally seeks the forfeiture of 5 properties in St. George and one in Washington together with two automobiles.
Ma was arrested on Thursday Sept 4. He has had an preliminary look in federal courtroom in St. George, he’s jail pending a listening to Wednesday in St. George.
The discharge despatched to ABC4 Information acknowledged “The potential most penalty for every of the three wire fraud counts is 20 years in federal jail. The six cash laundering counts every have a possible most penalty of 10 years in jail. Indictments should not findings of guilt. People charged in an indictment are presumed harmless until or till confirmed responsible in courtroom.”