MANHATTAN, N.Y. — The Manhattan District Attorney formally indicted a 15-count charge against Brooklyn-based limousine company Fone-A-Car president Augustine Asiedu (also known as Nana Amoakoh), its chief financial officer Nick Zarbhanelian, his girlfriend Sebastian Paul, and former GT3 CEO Apurva Patel. The 15 counts include grand larceny, money laundering, and falsifying business records.
The indictment charges that between 2002 and 2005 Asiedu and Zarbhanelian used their positions at Fone-A-Car to steal more than one million dollars from the company. Asiedu and Zarbhanelian initially stole checks for approximately $700,000 written by Manhattan clients for limousine services.
They deposited the checks into unauthorized Fone-A-Car business checking accounts at several different banks. The embezzled funds were then deposited into their personal checking accounts. At that time Asiedu wired a significant amount of the stolen money to accounts under his control in Ghana.
The suit also indicated that from about Nov. 7 through Nov. 14, 2003, Asiedu, Zarbhanelian, and Patel stole and laundered money from All Points Capital Corporation in excess of $325,000 during Patel's time at GT3.
"GT3 has cooperated with the Manhattan District Attorney’s office and will continue to do so as this case progresses," GT3 CEO Bill Gemmell told LCT. "This case has no affect on our ability to deliver products and services to our clients and prospects."
Gemmell also stated that GT3 had recently spoken with Patel, who said he intended to vigorously defend himself against the charges.
In addition to stealing from Fone-A-Car and All Points Capital Corporation, Asiedu and Zarbhanelian are charged with stealing more than $300,000 from the Manhattan asset-based lending company Rosenthal & Rosenthal, Inc. Zarbhanelian provided Rosenthal with fraudulent invoices for limousine services he claimed Fone-A-Car had provided to employees of Tyco, CIBC, and MetLife.
Source: District Attorney — New York County, Ghanaian Chronicle