Man Charged With Diverting Profits to Congo Diamond Mine

Legal
28/09/2015 09:21

An energy company executive has appeared in court in New York to face criminal charges that he diverted $18.5 million in company profits to a personal investment in an alleged conflict diamond mine Congolese. Gary Mole, the onetime owner of now-defunct Glacial Energy Holdings, pleaded not guilty to avoiding $740,000 in New York state taxes from 2005 to 2009. At different times, Mole classified the corporate cash as his own, listed the Générales des Mines au Congo mine as a consultant and backdated the “consulting agreement” with the mine, also known as Gemico, according to court papers.