A criminal complaint approved by federal prosecutors outlines six charges against Ma, including wire fraud, bank fraud and making false statements to a bank. If the case goes to trial, a conviction on any of those three charges could result in a maximum sentence of 30 years' imprisonment.
NYIC is described on its website as"a patriotic American Management Consulting firm headquartered in Manhattan." A $10,000 loan advance given to NYIC was later spent at a consumer electronics store and a department store, according to McKeen. Ma also submitted a financial audit reporting over $40 million in revenue for NYIC in 2019. McKeen says this document was fabricated, in addition to a host of other payroll and financial statements purporting to represent the company's condition.
Good for him. God loves the corrupt. I’m shocked he didn’t get it.