U.S. Arrests Ex-Samsung Employee for Embezzlement
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A former director at a Samsung Corp. unit was arrested on a wire fraud charge Thursday on allegations that he had embezzled about $1.5 million from the company, U.S. prosecutors said. The wire fraud charge carries a maximum sentence of 20 years in prison if convicted.
John Y. Lee, 44, who was a director at Samsung America Inc.’s Korea Export Department, was fired by the company after the alleged scheme came to light, the U.S. Attorney’s office in New Jersey said in a statement.
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