Man sentenced in $60M scheme to bilk telecoms

Print
Email
|

Associated Press

Posted on March 25, 2013 at 12:32 PM

DALLAS (AP) — Federal authorities say a 76-year-old man has been sentenced to seven years in prison for helping to defraud two British telecommunications companies of more than $60 million.

Authorities said Monday that Thomas Francis Quinn was the last of six defendants to be sentenced in Dallas for defrauding British Telecom and MCI in a conspiracy that ended in 2005. Quinn, sentenced Wednesday, is a U.S. citizen who lived in France. Two men from Dallas and another from Plano were previously sentenced.

The men purchased a London business that had pre-existing contracts with the two telecoms. They purchased increasing amounts of "air time" from the companies that they later sold at a loss. They then put their business into bankruptcy and walked away with revenues that should have gone to the telecoms.

Print
Email
|