Jericho Man Convicted of Scamming $5M from School

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Jericho man was convicted Thursday of conning a Christian missionary school in South Korea of $5.5 million that he spent on luxury cars and a Las Vegas gambling spree in 2011.A Manhattan federal jury found William Cosme guilty of identity theft and wire fraud following a week-long trial.“William Cosme duped and defrauded a South Korean international school out of $5.5 million, money the school needed to carry out its mission of educating children,” said Joon Kim, the acting U.S. Attorney for the Southern District of New York. “Cosme then took this stolen money and spent it lavishly on himself, including on a Lamborghini, a Ferrari, and a Cadillac Escalade, not to mention a 110-day gambling spree.”Prosecutors said the 51-year-old claimed to operate a global private equity firm when brokered a deal to lend the school $55 million after the school deposited $5.5 million that he would invest on their behalf.Instead of investing the money, Cosme bought a $314,000 Lamborghini, a $287,000 Ferrari, a Cadillac Escalade, blew $200,000 at casinos, paid his girlfriend’s rent and other lavish spending, authorities said.He then made misrepresentations to the school’s leadership on why they didn’t receive their loan payments and concocted a scheme to convince the school that they defaulted on their agreement so he could keep the deposit, according to investigators.Cosme faces up to 20 years in federal prison, three years of supervised release and fines when he is sentenced on June 21 by Judge Loretta Preska.last_img read more

"Jericho Man Convicted of Scamming $5M from School"

3 ways to improve your work environment

first_imgWe spend a third of our adult life at work. If our work environment isn’t a happy place, it may start having a negative effect on our personal lives. If you want to improve the work environment in your credit union, here are three things you should consider.Get rid of Mr. NegativityWe’ve all worked in an office with Negative Nancy. When someone has a consistently poor attitude, it can affect everyone. Whether you’ve gotten feedback or not, your office will be relieved to see that person let go. You hate to see anyone lose their job, but when they’re poisoning the mojo in the office, it’s probably time to part ways.Import some comforts from homeNobody would expect the inside of your credit union to look anything like Google, but you can still have some cool perks to add comfortability to the office atmosphere. Obviously the “Front of house” areas of your credit union are all business, but you can definitely relax the employee areas of the branch. Something as simple as an open break room with comfortable chairs and some good music can provide your employees the chance to relax and recharge throughout the day.Spread the happinessThey say smiles are contagious, and they’re right. As a leader, you should make it a daily goal to spread happiness and positive energy. When you’re happy and relaxed, your team will be happy and relaxed, and that’s good for business. A happy team is a team that is engaged and eager to help customers. Happiness is good for productivity, and there’s nothing wrong with that. 49SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Detailslast_img read more

"3 ways to improve your work environment"