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Ex-owners of Newsweek magazine accused of fraud

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The former parent company Newsweek IBT Media pleaded not guilty in new York city on Thursday, accusing her of manipulating finances to keep the magazine running.

Charges in the Manhattan district attorney’s office include fraud, money laundering and falsifying records, as well as a detailed payment scheme for computer hardware that was then sent to Newsweek, NBC.  reports.

The indictment accuses two people-William Anderson, CEO of Christian Media Corporation, and Etienne Uzak, co – owner and Chairman of IBT Media-of launching a fraudulent plan that included an auditor named Karen Smith, whom the indictment said the authorities may not find evidence for.

The lawsuit also mentions Christian Media Corporation, which allegedly tried to obtain loans for the companies ‘ servers, and Oikos Networks, the firm used to purchase servers.

Uzak defended himself in his message in his Twitter account .

“I believe this very aggressive investigation is fueled by retaliation against me and my company in the media for revealing that Manhattan district attorney Cyrus Vance Jr. refused to press charges against Harvey Weinstein after his lawyer paid Vance’s money,” Uzak writes.

Mark Agnifilo, Uzaka’s lawyer, said his client denied the charges and that the loan was repaid.