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http://www.reuters.com/article/marketsNews/idLTAN1442527420080314?rpc=44

CHICAGO, March 14 (Reuters) - A former General Motors Corp (GM.N: Quote, Profile, Research) executive was indicted in what federal prosecutors said on Friday was a kickback scheme involving bulk aluminum sales that cost the automaker about $80 million.

Daniel Bealko, GM's global commodity manager for lightweight metals between 1996 and December 2003, was accused in a federal grand jury indictment of receiving $5.4 million in kickbacks from an Illinois metals dealer from the sale of bulk aluminum owned by GM.

Prosecutors said the scheme involved hundreds of millions of dollars in aluminum sales in 2002 and 2003 that Bealko made through Fuci Metals USA, a metals sales broker headquartered in Northfield, Illinois.

The indictment alleged that Bealko and Fuci Metals' owner Anthony Brown diverted profits from the metals sales and from futures and options trades to Fuci Metals and to Brown's other businesses. GM assets were pledged against trading losses without company permission.

Bealko, 61, was charged with two counts of wire fraud, two counts of interstate transportation of fraudulently obtained funds, and with evading paying more than $2 million in federal income taxes on the $5.4 million in kickbacks. Formerly of Clarkston, Michigan, Bealko was believed to be living in the Caribbean nation of St. Kitts and Nevis, prosecutors said.

Brown, 46, of Highland Park, Illinois, was arrested and charged with two counts each of fraud and transportation of funds.
 

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80 Million, hmmm, wonder how much of that could've helped the Aztek. Oh, none.
 

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I see "run-for-congress" written all over this guy.

Now how'd he get caught? Obviously his group of paid-off buddies isn't paid enough.
Another entrepreneur bites the dust!
 
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