WWE Kickback Schemers
From the Associated Press:
STAMFORD [AP] — Prison sentences were handed down today for a former licensing agent for World Wrestling Entertainment and one of the company's ex-executives. Both were involved in a million dollar kickback scheme over licenses and merchandise.
Sixty-one-year-old Stanley Shenker was sentenced to 33 months and ordered to pay nearly three million dollars in restitution. James Bell drew an eight-month sentence and must pay 950-thousand dollars in restitution.
Shenker, owner of a licensing service, pleaded guilty in January to conspiring to defraud the Stamford-based WWE by paying about a million dollars in kickbacks to a Bell, the WWE's senior vice president of licensing and merchandising. Bell pleaded guilty to a related charge in 2005.
Federal authorities say the scheme took place from 1998 to 2002. During that time, both men disguised the kickbacks by falsely suggesting in invoices that Bell had earned the money through consulting services.
They were sentenced in Bridgeport federal court.
STAMFORD [AP] — Prison sentences were handed down today for a former licensing agent for World Wrestling Entertainment and one of the company's ex-executives. Both were involved in a million dollar kickback scheme over licenses and merchandise.
Sixty-one-year-old Stanley Shenker was sentenced to 33 months and ordered to pay nearly three million dollars in restitution. James Bell drew an eight-month sentence and must pay 950-thousand dollars in restitution.
Shenker, owner of a licensing service, pleaded guilty in January to conspiring to defraud the Stamford-based WWE by paying about a million dollars in kickbacks to a Bell, the WWE's senior vice president of licensing and merchandising. Bell pleaded guilty to a related charge in 2005.
Federal authorities say the scheme took place from 1998 to 2002. During that time, both men disguised the kickbacks by falsely suggesting in invoices that Bell had earned the money through consulting services.
They were sentenced in Bridgeport federal court.
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