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Prison Time for Former CFO of NTG

Finance chief helped Network Technologies Group swindled millions of dollars from its lender.

> > The ex-CFO of a defunct Baltimore-based telecommunications company was sentenced to a year in prison for his role in an accounting fraud that helped destroy the company. Thomas Bray pleaded guilty to wire fraud stemming from a scheme in which Network Technologies Group swindled millions of dollars from its lender, Mercantile-Safe Deposit and Trust Co., and two investors. Bray took responsibility for his actions and cooperated with prosecutors. Bray
Source: CFO


Published:2004-05-27
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