Former NBCU Official Charged with Fraud

NEW YORK, January 26: Victor Jung, the former treasurer of
NBC Universal, has been charged with stealing more than $800,000 from the
company, according to wire reports.

Jung, who allegedly used the stolen money to finance private
jet flights, liquor and a vacation home, has been charged with two counts of
wire fraud. He pleaded not guilty and was released on a $250,000 bond.
Prosecutors maintain that he transferred money from GE accounts into an account
for a fake company called NBCU Media Productions.