NBC Executive Admits Theft

We don't often hear about corruption involving media empires. I wonder why. This article appeared in FOXNews owned rag newspaper.

A former treasury manager at NBC Universal yesterday admitted he teamed up with his boss to rip off over $1.3 million in corporate money that the duo blew on a lavish, jet-setting lifestyle.

James Walsh, 35, pleaded guilty to wire fraud for personally pocketing up to $400,000 in petty cash from NBC and corporate parent General Electric in a two-year scam that had a less-than-petty outcome.

Despite his lower job title and smaller cut of the cash, Walsh is set to take a bigger fall than boss Victor Jung, the company's ex-treasurer.