Jail time for 2 women who stole from clients
18.05.12
Two former insurance agents will serve jail time for swindling $400,000 from elderly clients in Western New York.
Cynthia Gibbons , also known as Cynthia Bulinski , and Kellie Will were sentenced in Erie County Court as the result of charges filed after an investigation by the State Department of Financial Services, the Erie County District Attorney and the East Aurora Police Department.
The investigation by the state Department of Financial Services found the two women fraudulently changed beneficiary information on annuity contracts. Both have pled guilty and have been sentenced to jail time and restitution. Investigators say the scheme, had it not been discovered, could have resulted in the women stealing at least $2.4 million from senior citizens.
The investigation that led to the arrests began when a funeral director notified authorities because he was suspicious of their request for a death certificate. The death certificate was for an individual who turned out to be one of Gibbons’ clients. Investigators say they wanted the certificate so they could file a claim for the proceeds of an annuity to which Will had been named as beneficiary.
Source: Buffalo Business First
Zhone Technologies Secures TE Data Deployment of MXK(TM)
18.05.12
Oakland, CA - May 1, 2012 -Â Zhone Technologies, Inc. (NASDAQ: ZHNE), a global pioneer in network access solutions, announced today that its industry-leading MXK(TM) system will serve as the core enabler of TE Data's deployment of its Ethernet in the First Mile (EFM) solution in Egypt, in coordination with Zhone's partner in Egypt, Salec Egypt S.A.E. TE Data is Egypt's largest IP-based data communications carrier; the company has added EFM to its suite of managed services to complement existing service offerings and to satisfy customer demand for cost-effective high-speed connectivity.
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TE Data is looking to deliver reliable, high speed internet access for its enterprise customers over existing copper lines. Zhone's EFM solution is the right fit, and TE Data began integrating Zhone's MXK terabit access platform into its network in August 2011.
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"Zhone's EFM solutions give us a centralized platform with extensive reach, along with a high level of flexibility in both our service and system configuration options," stated Ismail Saeed, operation director of TE Data. "With these advanced capabilities, we are now able to efficiently deliver the high-quality advanced services that our customers expect, without fear of inflated costs or operational issues. The Zhone portfolio of products helps us extend our reach with our customers, and gives us the option of adopting technologies such as GPON and Active Ethernet, as demand dictates."
Source: Reuters