SAN JOSE – The U.S. Attorney’s Office has filed new federal criminal charges against former Silicon Valley Bank vice president Mounir Gad adding document tampering, identity theft, and criminal contempt to the list of federal charges the convicted fraudster now will face, announced Acting U.S. Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig D. Fair.  The new charges are filed in connection with allegedly false and altered documents Gad submitted to the federal court for his sentencing in his securities fraud case.

The criminal complaint was filed on November 19, 2021, and unsealed today.  According to the complaint, on October 27, 2021, Gad, 35, of Los Gatos, submitted to the federal court 12 letters of support in advance of his sentencing for two counts of securities fraud.  The criminal complaint alleges that half of these letters were improperly altered or entirely fabricated.  Specifically, of the twelve letters submitted, Gad altered three of them without the authors’ knowledge, adding additional language praising Gad.  Additionally, Gad submitted three more letters that were not written by the purported authors and without the purported authors’ knowledge.  On November 3, 2021, before the alleged problems with the sentencing documents had come to light, the Honorable Lucy H. Koh, U.S. District Judge, sentenced Gad to two years of probation, a $500 fine, and a $200 assessment for each count of securities fraud.  Gad now faces criminal charges in connection with the documents he submitted for that sentencing.

To continue reading the rest of the article, please click on the source link below:

https://www.justice.gov/usao-ndca/pr/new-obstruction-related-charges-filed-against-former-bank-vice-president-convicted

Comments

comments