According to an article in today’s Times Union, two former top execs of Wurld Media have been indicted on a number of charges ranging from misdemeanor failure to pay benefits to felony grand larceny and money laundering.
Gregory Kerber, former Chief Executive and Richard Saxton, former financial officer were each arraigned on nine charges.
Assets of Wurld Media, an online music and video file-sharing company, were sold to ROO Media for $4.3 million in in July, however most of the alleged charges took place before that deal was signed.
According to Mediapost, Roo…
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