School District Employees Charged in $22M Laundering Scheme
Long Beach News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Former school district employee Hong Grace Peng and tech company owner Gautham Sampath face felony charges for a $22 million money-laundering scheme involving LA Unified School District contracts. Peng, a technical project manager, allegedly steered contracts to Sampaths firm Innive in exchange for over $3 million. The scheme, which occurred from 2018 to 2022, is considered a betrayal of public trust, with potential prison time of up to seven years for each if convicted. Peng has quit her job and an arrest warrant is active, while Sampath is in extradition. Authorities urge anyone with information on Innive contracts to come forward.
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