Former NBC Universal Exec Pleads Not Guilty To Misplacing $800k In His Champagne And Private Jet Fund
A former NBC Universal treasurer is free on a $250,000 bond after pleading not guilty to charges he fleeced the company of over $800,000 in champagne wishes and caviar dreams:
Victor Jung is charged in the indictment with two counts of wire fraud and could face a maximum prison sentence of 20 years and a fine of $250,000, according to the U.S. Attorney's office for the Southern District of New York.
He is alleged to have transferred cash from General Electric Co. accounts into accounts held by a fake company, NBCU Media Productions LLC, authorities said.
Jung used the funds for personal benefit, prosecutors said, including flights on private jets to Miami, Antigua and the Caicos Islands, as well as to rent a home in the Hamptons.
On these flights, Jung and companions "consumed catered Veuve Clicquot champagne, Gray [sic] Goose vodka, Mondavi wine, and shrimp cocktail," according to the statement.
The brand-integrated indictment makes no mention of when NBC Universal first became aware of their former employee's alleged wrongdoing. In the meticulously audited culture of NBC 2.0, however, where even a Koo Koo Roo lunch now requires two proofs of purchase and a signatory, we imagine Jung's expense reports reading: "Office supplies, Sevruga, and miscellaneous garnishes: $5,600" could easily have sent up multiple red flags.
