Word: funge
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From February 1997 to March 1998, Fung served as chair and chief executive officer of Climax International Company Limited (CICL), a firm which specializes in the production and distribution of paper products and stationery, the documents said...
...complaints issued against Fung allege that he “dishonestly appropriated company funds” before and during his term as a CICL executive, from December 1996 to February 1998, by writing 12 company checks for personal use and issuing false accounting records...
...Fung fled to Singapore from Hong Kong, the records indicate...
After his arrest Friday, Fung appeared before U.S. Magistrate Judge Joyce London, where the U.S. Attorney’s office argued that Fung was “likely to flee if released,” according to court papers...
...next 60 days, a federal judge will decide whether to extradite Fung to Hong Kong, according to Samantha Martin, a spokesperson for the U.S. Attorney’s Office...