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

Silverado Stages, Michelangelo Leasing Merge Coach Operations

Michelangelo Leasing operates under multiple brands, including Ryan’s Express Transportation Services.

Owner Of Torched Limo Says Insurance May Not Cover Loss

The family owned business has 30 fleet vehicles and has been in business for 25 years.

Torched Limo Owned By A Muslim Immigrant Businessman

The owner estimates $70,000 in fire damages to the Lincoln MKT stretch burned by anti-Trump rioters on Inauguration Day.

Anti-Trump Protesters Block Uber Headquarters

The TNC's CEO Travis Kalanick is one of several technology executives who's part of the president's Strategic and Policy Forum.

Toronto Operator Emphasizes Occasions

WebXclusive: Ash Fadil works to provide experiences that will have his clients coming back for more than just one special event.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blogs

See More

See More

See More

See More

LCT Store

LCT Magazine - January 2017 $12.95 THE MONEY ISSUE COVER STORY: * Dashboard Helps Steer Company Finances * *



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