Byung Il “Peter” Bang received a 15-year sentence for embezzling $6.7 million from Montgomery County on Thursday. Bang, a former official with the Department of Economic Development, had concocted elaborate schemes to hide his thefts, which he used on gambling, prosecutors said. In his sentencing memo to Circuit Court Judge Cheryl McCally, State’s Attorney John […]
Former County Official, Who Embezzled $6.7M, Gets Four Years
A former chief operating official with Montgomery County’s Department of Economic Development was sentenced to four years Friday for an embezzlement scheme that stole $6.7 million from the county, according to a Justice Department statement. Byung Il “Peter” Bang, 59, who lives in Germantown, had pleaded guilty in U.S. District Court in Greenbelt to the […]
Official Pleads Guilty to Embezzling More Than $6.7 Million
A former Montgomery County economic development official pleaded guilty Friday in federal and county courts to embezzling more than $6.7 million over six years from the county. Byung Il Bang pleaded guilty in federal court to wire fraud and making false statements on his tax returns, according to the U.S. Attorney’s Office. Bang, also known […]
Former Economic Development Officer Pleads Guilty to Embezzling $6.7 Million
Byung Il “Peter” Bang, a Montgomery County government employee for many years, pled guilty Friday morning in U.S. District Court in Greenbelt to embezzling $6.7 million in county funds that were earmarked to assist small businesses, according to a press release form the U.S. Justice Department. Bang, a Germantown resident, was the Chief Operating Officer (COO) […]
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