Citizen of China indicted for stealing trade secrets from Mass. employer, remains at-large overseas https://t.co/OqZJNF02Os
Brookline woman gets jail time for embezzling $2.5 million from Takeda https://t.co/6qcviefCwS https://t.co/nty4myHpGX
Local pharmaceutical exec gets nearly 4 years for defrauding company; has to give up Seaport condo, Mercedes, 2-carat engagement ring and deposit on a downtown wedding venue https://t.co/eyhSscMQh2
A former employee of Takeda Pharmaceuticals, Priya Bhambi, has been sentenced to nearly four years in federal prison for her involvement in a $2.5 million embezzlement scheme. The sentencing follows an investigation by the FBI, which revealed that Bhambi defrauded the company during her tenure. As part of her sentencing, she is required to forfeit several assets, including a condominium in the Seaport district, a Mercedes vehicle, a two-carat engagement ring, and a deposit on a downtown wedding venue. Additionally, in a separate case, Xiao Zhang, a citizen of China, has been indicted for allegedly stealing trade secrets from his employer, a global investment management firm, while working in Massachusetts in 2021. He remains at-large overseas. Furthermore, Rhode Island mortgage broker Joseph Giuttari has admitted to running a Ponzi scheme and fraudulently acquiring CARES Act loans, as revealed by an FBI and IRS investigation.