N.Y. Financial Analyst Indicted for Wire Fraud
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A federal grand jury has indicted a financial analyst on charges that he siphoned at least $2.5 million from a business he had been hired to oversee.
Spyro Contogouris faces four counts of wire fraud, New York federal prosecutors announced yesterday. The indictment claims that Mr. Contogouris, starting in the mid 1990s, took money from the unnamed company by submitting phony expenses.
On one occasion, Mr. Contogouris claimed to have written a check for $1 million to cover the company’s tax debts on properties in New York and Houston, prosecutors said. In fact, much less tax was owed, according to the indictment.
“We fully expect him to be exonerated,” Mr. Contogouris’s lawyer said in a written statement.
