August 02, 2021
A New York state court judge Monday released on bail a former FTE Networks Inc. chief financial officer facing a multimillion-dollar theft charge after the man voluntarily traveled from Florida to deny the allegations.
July 20, 2021
Attorneys for a former FTE Networks CEO accused of a $28 million theft pointed out during bail arguments that the defendant's uncle is an upstate judge who was in attendance at the Manhattan courtroom, a situation an ethics expert said could raise concerns.
July 15, 2021
Two former top executives of FTE Networks Inc. on Thursday were hit with criminal charges in federal and state court in New York, over allegations they falsely inflated the onetime telecommunications outfit-turned-real estate company's revenue and misappropriated $28 million of a subsidiary's client funds to stave off a debt crisis and enrich themselves.