Sentences with phrase «indirect loan guarantees»

Defense attorneys have said that neither the Manganos nor Venditto were involved in any corrupt dealings with Singh, and that the indirect loan guarantees were the work of Singh and Mei without the defendants» knowledge of any illegalities.

Venditto, Mangano and Mangano's wife, Linda, have pleaded not guilty in an alleged bribery scheme in which the elected officials are accused of illegally helping Singh get $ 20 million in indirect loan guarantees and government contracts in exchange for kickbacks, and a $ 450,000 no - show job for Linda Mangano.

At the same time in January, prosecutors revealed that Mei secretly had pleaded guilty in September 2015 to fraud for accepting $ 50,000 in checks and a $ 36,000 lease on a BMW for helping get an unnamed person get indirect loan guarantees from Oyster Bay.

Mangano is charged with accepting bribes from Singh in return for county concession contracts and for helping to induce Venditto to arrange indirect loan guarantees for Singh.

Mangano and former Oyster Bay Town Supervisor John Venditto were charged in October 2016 with conspiring to award hundreds of thousands of dollars in county contracts to restaurateur Harendra Singh — a 25 - year friend of Mangano and his wife, Linda — and helping him secure indirect loan guarantees from the town.

Mei secretly pleaded guilty in September 2015 to honest services fraud in a scheme in which he received $ 50,000 in checks made out to cash and payments on a BMW lease to help an unnamed concessionaire — understood to be Singh — get millions in indirect loan guarantees.

Venditto, Mangano and Mangano's wife, Linda, all have pleaded not guilty in an alleged bribery scheme in which the former elected officials are accused of illegally helping Singh get $ 20 million in indirect loan guarantees and government contracts in exchange for kickbacks and a $ 450,000 no - show job for Linda Mangano.

The documents center around a key part of the government's case — an alleged scheme by Edward Mangano and Venditto to have Oyster Bay provide restaurateur Harendra Singh with $ 20 million in indirect loan guarantees for businesses.

Agnifilo asked another witness, Victor Medeiros, a bond analyst at S&P, if he knew Oyster Bay hadn't paid anything in regard to indirect loan guarantees.

Newsday columnist Joye Brown spoke with News 12 Long Island following another day in court as Harendra Singh took the stand for the fourth day in Central Islip to detail the perks he showered on officials in exchange for their help in arranging millions of dollars in indirect loan guarantees for his town - connected businesses.

Singh took the stand for the fourth day in Central Islip to detail the perks he showered on officials in exchange for their help in arranging millions of dollars in indirect loan guarantees for his town - connected businesses.

Prosecutors say the Manganos and Venditto were involved in a scheme to illegally get Singh Nassau County contracts as well as more than $ 20 million in indirect loan guarantees from Oyster Bay.

Singh previously has pleaded not guilty to a separate indictment involving charges of fraudulently obtaining the more than $ 20 million in indirect loan guarantees from Oyster Bay through bribery.

Hoffmann also said that he first learned about Oyster Bay's indirect loan guarantees for restaurateur and town concessionaire Harendra Singh from a Newsday reporter who called in August 2015 to ask about them.

Edward Mangano and Venditto are accused of illegally helping restaurateur Harendra Singh get $ 20 million in indirect loan guarantees and government contracts in exchange for kickbacks and a lucrative $ 450,000 no - show job for Linda Mangano.

Earlier, Edelstein testified that representatives from financial firms sat down with Oyster Bay Town officials and explained the term «absolute and unconditional» to them in reference to town support of an indirect loan guarantee for Singh's businesses.

The bribes were in exchange for lucrative county contracts and $ 20 million in indirect loans guaranteed by amendments to his concession agreements with the Town of Oyster Bay, Singh said.

Not exact matches

The Greene Turtle does not offer direct or indirect financing or guarantee loans, notes or obligations.

-- Long Island restaurateur Harendra Singh was arrested and indicted in September on 13 federal charges including one that he bribed a former Town of Oyster Bay deputy attorney in order to have the town give him an «indirect guarantee» of $ 32 million in loans.

In return for the continuing illegal benefits, the defendants were involved in orchestrating a complex method to get Singh more than $ 20 million in indirect government loan guarantees from the Town of Oyster Bay, according to Eastern District federal prosecutors in court papers.

The defense claims Venditto knew nothing of a scheme between Mei and Singh in regards to loans and indirect guarantees, and Venditto is therefore innocent.

--(1) The Administration shall not provide direct support as defined under this section or indirect support as defined under section 188 to an individual clean energy technology project that obtained a loan guarantee under title XVII of the Energy Policy Act of 2005.