US indictment alleges telecommunications construction CEO used shell companies and bribes to steer contracts

The US Attorney’s Office for the Southern District of New York said an indictment was unsealed charging Anthony Tepedino, founder, CEO and owner of a New Jersey telecommunications construction and engineering company, with commercial bribery, fraud and witness-tampering offenses. He was arrested; the charges remain allegations, and no conviction or settlement was reported in the source material.

According to the indictment and DOJ statements, Tepedino allegedly used shell companies, fabricated businesses and invoices, and diverted funds to private accounts. The DOJ further alleges that commercial bribe payments were made to a co-conspirator in exchange for steering new contracts to his company.