NBC Universal’s ex-treasurer arrested on $800,000 theft charge

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NEW YORK (AP) – The former treasurer of NBC Universal was arrested Thursday on charges that he stole more than $800,000 from the media company to spend on himself, federal prosecutors announced.

Victor Jung, 34, of Manhattan, was charged with two counts of wire fraud, accused of using some of the stolen money on private flights to Miami, Antigua and the Turks and Caicos Islands, U.S. Attorney Michael Garcia said in a statement.

During the flights, Jung and his travel companions enjoyed delicacies including shrimp cocktail, Veuve Clicquot champagne and Mondavi wine, the prosecutor said.

If convicted, Jung could face a maximum of 20 years in prison and a maximum fine of $250,000 or twice the gain resulting from the crime.

Through his lawyer, Christopher Brennan, Jung pleaded not guilty before U.S. Magistrate Judge Gabriel W. Gorenstein, who freed him on $250,000 bail.

Outside court, Brennan said his client looked forward to fighting the charges.

“He plans to vigorously defend himself,” Brennan said.

An indictment in U.S. District Court accuses Jung of stealing the money while he worked as the treasurer for NBC Universal in its offices at 30 Rockefeller Plaza in midtown Manhattan.

NBC Universal, formed in 2004, is one of the world’s leading media and entertainment companies. It owns and operates a television stations group and a movie production studio and was responsible for the hit films “The Pianist” and “A Beautiful Mind,” among others.

In a statement, NBC Universal said it was “committed to and vigilant about the enforcement of its compliance policies.”

It added: “When we discovered the potential integrity breach, we promptly brought it to the appropriate authorities and are cooperating fully with the investigation. We will continue to monitor the situation to its resolution.”

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