January 31, 2002 (PLANSPONSOR.com) - The Segal
Company, a benefits and human resources consultant, has
purchased Sibson & Company, a human resources
consultant.
In its Thursday announcement of the deal, Segal said it
will merge Sibson with Segal’s human resources practice.
The new unit will be called Sibson Consulting. Vincent C.
Perro, previously CEO of Sibson, will head Sibson
Consulting within The Segal Company with the title of COO
of Sibson Consulting.
With the addition of the Sibson staff, Segal will have
about 950 employees. It will be employee owned, as Segal
has been. The Segal Company’s headquarters will remain in
New York City, with offices in the US, Canada and the
UK.
June 30, 2004 (PLANSPONSOR.com) - A dozen defendants
have been charged with a litany of federal law violations in
connection with the financial transactions of the City of
Philadelphia.
Federal authorities handed down the indictments in
part of an ongoing investigation into the corruption of
former Philadelphia City Treasurer Corey Kemp, 34, by
Ronald White, 54, a Philadelphia attorney.
The charges of “pay to play” violations were the
culmination of an investigation conducted by the Department
of Justice, the Federal Bureau of Investigation (FBI) and
the Internal Revenue Service (IRS), according to an
announcement by
US Attorney Patrick Meehan.
The indictments allege the corruption occurred from
January 2002 through October 16, 2003, during which time
White made payments and offered benefits to Kemp.
These gifts included at least $10,000 paid in 2002,
a $10,350 deck for Kemp’s house in 2003, a trip to the
Super Bowl in San Diego in January 2003, tickets and
limousine rides to all three days of the NBA All-Star
events in Philadelphia in February 2002, and numerous other
meals, parties, and tickets to sports and entertainment
events.
In exchange for these benefits, Kemp permitted White
to direct Kemp’s decision-making as Treasurer of the City,
which included instructions on which financial service
providers to select for participation in City transactions,
and which to exclude.Kemp’s decisions created large financial gains for
White and those White favored, the announcement
said.
“The nameplate on the desk of the City Treasurer
may have read Corey Kemp but Ron White was calling the
shots,” said Meehan. “This is an indictment not only of
the defendants but of a ‘pay to play’ culture that can
only breed corruption.”
Federal Charges
White is charged with conspiracy to commit honest
services fraud, 22 counts of wire fraud, four counts of
mail fraud, two counts of extortion, and five counts of
making false statements to the FBI.If convicted on all counts, he faces a maximum
sentence of 555 years imprisonment and an $8.25 million
fine.
Kemp is charged with conspiracy to commit honest
services fraud, 20 counts of wire fraud, 15 counts of mail
fraud, two counts of extortion, three counts of making
false statements to a bank, four counts of money
laundering, and one count of filing a false tax
return.
If convicted on all counts, he faces a maximum
sentence of 798 years imprisonment and a $10.75 million
fine.
Also charged were:
Glenn Holck – the president of Commerce
Bank/Pennsylvania. Holck is charged with conspiracy to
commit honest services fraud, eight counts of wire
fraud, and one count of mail fraud.
Stephen Umbrell – the regional vice-president of
Commerce Bank/Pennsylvania. Umbrell is charged with
conspiracy to commit honest services fraud, eight
counts of wire fraud, and one count of mail
fraud.
La-Van Hawkins – a Detroit businessman. Hawkins
is charged with conspiracy to commit honest services
fraud, four counts of wire fraud, and four counts of
committing perjury before the federal grand
jury.
Janice Knight – a businesswoman.
Knight is charged with conspiracy to commit honest
services fraud, three counts of wire fraud, and three
counts of making false statements to the FBI.
Charles LeCroy – a former managing director of the
southeast regional office of J.P. Morgan.
LeCroy is charged with two counts of wire
fraud.
Anthony C. Snell – a former vice-president of J.P.
Morgan.
Snell is charged with two counts of wire fraud. If
convicted on both counts, he faces a maximum sentence of
40 years imprisonment and a $500,000 fine.
Denis Carlson – a senior vice-president of Janney
Montgomery Scott. Carlson is charged with two counts of
making false statements to the FBI agents investigating
this case; it is alleged that Carlson misrepresented
his relationship with White and his purpose in giving
Corey Kemp the free use of a vacation condominium
Carlson owned.
Francis McCracken – the pastor of the St. James
Chapel Church, Church of God in Christ.
McCracken is charged with three counts of making
false statements to a bank, four counts of money
laundering, and six counts of mail fraud.
Jose Mendoza – a former worker employed by
McCracken, and allegedly assisted in the preparation of a
false statement submitted to Commerce Bank.
Mendoza is charged with one count of making a
false statement to a bank.
Rhonda Anderson – an attorney who allegedly
participated in a fraudulent scheme with Kemp. Anderson
is charged with one count of mail fraud.