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Wichita Kansas Bank of America Robbery

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Witness: Men accused of bribes negotiated sale to Qataris

A sports marketing company whose owners have been charged with bribing top soccer officials tried to negotiate a sale to an entity associated with Paris Saint-Germain team president Nasser Al-Khelaifi, a witness testified Tuesday in federal court.

As the second week of testimony finished in the trial of three former presidents of South American governing bodies, the son of the ex-head of Ecuador's soccer federation gave an emotional account of how he laundered $2.8 million for his father, who is under house arrest in Quito after receiving a 10-year sentence for corruption.

"This is the hardest moment of my life," said Jose Luis Chiriboga, a soccer agent, recalling how his father, Luis, told him: "Sorry, son, I destroyed your life."

Santiago Pena, a former executive of the Argentina-based Full Play Group, testified that he spent a lengthy period of time on secret negotiations called the "New York project," given the name because the deal for 51 percent of Full Play was valued at $212 million, and 212 is a New York City telephone area code.

Westar Energy, Inc. (NYSE:WR) Holdings Reduced by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in shares of Westar Energy, Inc. (NYSE:WR) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,657,248 shares of the utilities provider’s stock after selling 16,426 shares during the period. Westar Energy makes up approximately 0.8% of Gabelli Funds LLC’s holdings, making the stock its 8th largest holding. Gabelli Funds LLC owned approximately 1.87% of Westar Energy worth $131,800,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. grew its position in Westar Energy by 27.4% in the 1st quarter. OppenheimerFunds Inc. now owns 11,687 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 2,515 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Westar Energy by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,409 shares of the utilities provider’s stock worth $456,000 after buying an additional 221 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Westar Energy by 9.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 19,236 shares of the utilities provider’s stock worth $1,044,000 after buying an additional 1,716 shares in the last quarter. Capstone Asset Management Co. grew its position in shares of Westar Energy by 1.3% during the 2nd quarter. Capstone Asset Management Co. now owns 12,252 shares of the utilities provider’s stock worth $650,000 after buying an additional 160 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its position in shares of Westar Energy by 1,922.8% during the 2nd quarter. Gateway Investment Advisers LLC now owns 84,129 shares of the utilities provider’s stock worth $4,461,000 after buying an additional 79,970 shares in the last quarter. Institutional investors own 73.22% of the company’s stock.

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