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Ex-media chiefs admit to buying NY, Cali real estate with stolen millions from lenders

Two former news media top executives pleaded guilty to a scheme in which they fraudulently secured $ 35 million in loans then used the money to buy land in New York and California. Etienne Uzac, who was co-owner of Newsweek Media Group and IBT Media; and William Anderson, the former CEO of Christian Media Corporation, admitted to money laundering and fraud charges, Manhattan District Attorney Cyrus Vance Jr. announced on Friday. Authorities said the two men

The Real Deal New York

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