Ex Salomon Brother Assistant Convicted of Fraud, Money Laundering,Tax Evasion

Examiner.com

Acruz/TheBlackUrbanTimes

On Monday, January 14, 2013, a federal jury convicted former New York City Citibank executive secretary to Wall Street Tycoon, William Salomon, of fraud, tax evasion and other criminal charges following a week-long trial before U.S. District Judge William J. Martini in Newark federal court.

Prosecutors said Karen Febles worked for Salomon, whose father was one of the three former managing partners of Wall Street investment bank, Salomon Brothers, a firm created in 1910. 
Febles’ responsibilities included assisting Salomon with his professional and personal finances. She was hired as William Salomon’s assistant in 1997 and remained in that position until Citibank fired her in September 2011. The 50-year-old Wallington, N.J., woman had exclusive control over Salomon’s bank accounts and prepared and negotiated checks on his behalf.

Febles, who took the stand during her trial, broke down in tears as she was bombarded with questions about how she handled Salomon's finances. When asked by her defense attorney if she ever committed fraud against her former employer, she replied, "No, never," before dissolving in tears.

After a few routine questions....FULL STORY