NEW YORK – The former treasurer of NBC Universal was arrested Thursday on charges that he stole more than $800,000 from the company.
A federal indictment accuses Victor Jung, 34, of stealing the money while he worked in the company's offices in midtown Manhattan.
Jung, who was responsible for the company's collection efforts and for oversight of the company's bank accounts, stole the money by setting up an unauthorized company, NBCU Media Productions LLC, and transferring money into its accounts, according to the indictment against him.
Jung, who was charged with two counts of wire fraud, accused of using some of the stolen money on private flights to Miami, Antigua and the Turks and Caicos Islands, U.S. Attorney Michael Garcia said in a news release. During the flights, Jung and his travel companions enjoyed delicacies including shrimp cocktail, Veuve Cliquot champagne and Mondavi wine, the prosecutor said.
If convicted, Jung could face a maximum of 20 years in prison and a maximum fine of $250,000 or twice the gain resulting from the crime.
Jung was to make an initial court appearance Thursday, though it was not immediately clear who would represent him.
A message left with a woman who answered the phone at Jung's home was not immediately returned.
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