Paul Cronin, the former chief financial officer for United States Council for International Business, pleaded guilty in Brooklyn federal court in connection to the embezzlement of more than $1.3 million from the group, as well as evading taxes.
According to Eastern District U.S. Attorney’s Office, Cronin misappropriated funds from the global trade advocacy organization by submitting reimbursement requests for business expenses that were, in reality, for personal items. Additionally, Cronin admitted to falsely claiming no tax income for 2013 despite having “substantially” more income, prosecutors said.
