Ex-Silicon Valley Bank exec pleads guilty to falsifying letters of support

SAN JOSE – A former Silicon Valley Bank executive will serve 15 months in prison for falsifying letters of reference to obtain a lighter sentence in a securities fraud case, federal prosecutors said.

Mounir Gad, the bank’s former vice president, was charged last year with six counts of identity theft, three counts of tampering with documents, three counts of tampering and one count of criminal contempt, according to the U.S. Attorney’s Office.

Prosecutors said the 36-year-old Los Gatos resident pleaded guilty to the charges in October. In doing so, he acknowledged he previously had been charged with – and pleaded guilty to – securities fraud violations in connection with

→ Continue reading at Mercury News

More from author

Related posts

Advertisment

Latest posts

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...

The Role of Scholarships and Grants in Financing Education

Applying for scholarships and grants helps students pay for college. In some situations, these awards allow people to obtain a degree they wouldn't be...

EV, hybrid and gas-powered: Some interesting cars coming in 2024 | CNN Business

CNN  —  Next year will see the introduction of some new, genuinely affordable electric vehicles as well as...