Wells Fargo Says Credit Card President Left Two Months Ago
News from BusinessWeek:

November 28, 2011, 10:07 PM EST

  • Jefferies Said to Lure UBS Bankers in Asia After Hiring Wang
  • Corzine Asked to Testify Before Senate on MF Global Collapse
  • Jefferies Stock Rout Lops $ 249 Million From Handler’s Stake
  • Citigroup, BofA May Pare Dividend Ambitions on Stress Tests

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Man Gets 18 Months For Using Company Credit Card For Personal Expenses
News from News Channel 7:

A man from Pauline will spend the next 18 months in prison after he used a company credit card for personal expenses.

United States Attorney Bill Nettles announced that U.S. District Judge Henry Herlong sentenced 49-year old Ray N. Sims to 18 months in prison and ordered him to pay $ 280,000 in restitution after he pled guilty to wire fraud.

According to Nettles, Sims worked for employee leasing company Turtle & Hughes and was placed at the Honeywell Plant in Duncan, where he served as the site manager. As part of his job, Nettles said that Turtle & Hughes provided Sims with a company credit card that was to be used for legitimate expenses. However, in June 2010, Turtle & Hughes noticed some irregularities with Sims’ use of the credit card and an audit showed that there were many items that were purchased for his personal use.

The Federal Bureau of Investigation opened an investigation and int…………… continues on News Channel 7

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