New York-based Kohlberg Kravis Roberts & Co. is one of the world’s largest private equity firms.
The Secret Service alleges Howard J. Nelms received $5 million from $12.7 million that Kohlberg Kravis Roberts & Co. lost in an email spoofing scam.A Canyon Lake homebuilder is at the center of an apparent scam that nearly cost a Wall Street behemoth millions.
KKR has not publicly disclosed that it lost the money, but court documents reviewed by the San Antonio Express-News show the firm sent the funds in two wire transfers after getting spoofing emails in March 2022. Last week, the U.S. Attorney’s Office in San Antonio filed a forfeiture lawsuit against the $1.6 million to see who else, besides KKR, might file claims for the money.
“Most of them believe they are doing a legitimate job. They don’t know they are doing something illegal,” said Dan Morales, acting special agent in charge of the Secret Service in San Antonio. “That’s how the crooks wash their money.” KKR sent nearly $5.8 million to a Chase Bank account on March 18, 2022. Twelve days later, KKR transferred $6.9 million to the same bank account.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
American Canyon man gets 4 years in prison for pimping teen girlRamon Reyes-Medina, 22, was arrested last year for pimping a 17-year-old girl.
Read more »
Bryce Canyon love story lives on through granddaughterIt's a love story that spanned generations and sparked a new one — thanks to one Utah gem: Bryce Canyon.
Read more »
Bishop Montgomery boys basketball defeats Sierra Canyon thanks to Christian Jones’ big shotBishop Montgomery stays alive in the Open Division chase with the win over Sierra Canyon
Read more »
Bid to keep Diablo Canyon nuclear power plant operational faces time squeezeA late-hour attempt to extend the life of California's last nuclear power plant has run into a predicament that will be difficult to resolve: a shortage of time.
Read more »
Earthquake's sheer power turned a Turkish olive grove into a huge canyonSome 39,000 people have died in Turkey and Syria as a result of the quakes. New pictures illustrate just how intense the tremors were.
Read more »