Operations

Manhattan D.A. Indicts Former GT3 CEO and Fone-A-Car President

Posted on June 13, 2007 by LCT Staff - Also by this author - About the author

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

View comments or post a comment on this story. (0 Comments)

More News

Dawson Rutter's Company Named Best Car Service

Commonwealth Worldwide earns the Boston ranking for the seventh time as it marks 35 years of chauffeured service.

Family Business Becomes Millennial’s Passion

eNews Exclusive: Fast 40 operator Nick Boccio got his start in a garage and has since taken up a desire to continue his grandfather’s legacy.

Luxury Vs. Affluent Travelers: What's The Difference?

Luxury spenders are more driven by experiential and authentic experiences.

Company Aims To Reach Peak Operating Performance

eNews Exclusive: Abdou and Hillary Louarti believe industry involvement and education help them stand out in a crowded market.

Uber Is Imploding, But Does Anyone Really Care?

The TNC may be a cesspool of sexism and harassment, but efficiency tends to trump corporate intrigue.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - June/Fact Book 2017 $12.95 * Facts & Stats * Directors & Guides *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close