Settaphakorn Executive Extradited from Thailand to U.S

Settaphakorn Executive Extradited from Thailand to U.S

Former Defense Contractor Executive Extradited from Thailand to United States to Face Charges for Participation in Massive Scheme to Defraud the U.S Navy
Mark W. Pletcher (619) 546-9714 and Michelle L. Wasserman (619) 546-8431

SAN DIEGO, CA (STL.News) Pornpun Settaphakorn, a former executive of foreign defense contractor Glenn Defense Marine Asia (GDMA) who oversaw the company’s Thailand office, appeared in federal court in San Diego following her extradition last week from Thailand.

Settaphakorn, also known as “Yin,” was charged with participating in a conspiracy to submit fraudulent price quotes, claims and invoices to the U.S. Navy in an effort to steal millions of dollars as part of a years-long fraud scheme.

The indictment in this case, returned December 23, 2014, alleges that Settaphakorn, along with co-defendants Neil Peterson and Linda Raja, among others, submitted false claims of more than $5 million.  In addition, according to the indictment, Settaphakorn worked to perpetuate and cover up the fraud by consistently misrepresenting to the U.S. Navy the cost of providing services to its ships in Asia, even going so far as to submit false price quotes from non-existent companies, on letterhead created from graphics cut and pasted from the Internet. 

Continue reading Settaphakorn Executive Extradited from Thailand to U.S at STL.News.

Author: Editor 4