{"id":20686,"date":"2016-02-23T10:33:14","date_gmt":"2016-02-23T18:33:14","guid":{"rendered":"https:\/\/cjnotebook.com\/?p=20686"},"modified":"2016-02-23T10:33:14","modified_gmt":"2016-02-23T18:33:14","slug":"20686-2","status":"publish","type":"post","link":"https:\/\/cjnotebook.com\/?p=20686","title":{"rendered":"FBI Arrest Two Chinese Goodyear Employees Who Allegedly Ripped Off the Tire Company"},"content":{"rendered":"

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 CLEVELAND<\/span><\/strong><\/p>\n

\n

\"FederalTwo Chinese nationals \u2014 Xin Franco Fan,<\/strong> 40, and Rex Xu Yu<\/strong>, 41, \u2014 were arrested and charged with receiving kickbacks in the purchase of rubber for Goodyear, according to officials.<\/span><\/p>\n

Friday’s arrests were made after Goodyear officials got an anonymous tip about the alleged crimes and immediately reported it to law enforcement, officials said.<\/span><\/p>\n

\u201cThe FBI takes its responsibility to aggressively protect U.S. companies from the vulnerabilities associated with operating overseas seriously, including significant fraud as alleged in this investigation,\u201d FBI Special Agent in Charge Stephen Anthony<\/strong> said. \u201cIndividuals who participate in fraud schemes should not underestimate the resolve of the FBI to work closely with companies such as Goodyear to root out these schemes and bring the perpetrators to justice.\u201d<\/span><\/p>\n

According to a criminal complaint, Fan and Yu were employees of Goodyear Orient Company Limited, or Goodyear Orient, a subsidiary of Goodyear, located in Singapore and with offices in China. <\/span><\/p>\n

Goodyear Orient manages all of the natural rubber purchasing, delivery, financing and quality certifications for Goodyear\u2019s global operations, according to officials.<\/span><\/p>\n

Goodyear, through Goodyear Orient, spends approximately $1 billion annually to acquire natural rubber for its operations.<\/span><\/p>\n

As a condition of their employment, Fan and Yu are obligated to act in the best interests of Goodyear when purchasing natural rubber. <\/span><\/p>\n

In 2015, Goodyear received an anonymous tip that Fan and Yu were receiving kickback payments in connection with Goodyear Orient\u2019s raw materials purchases. <\/span><\/p>\n

With the cooperation of Goodyear executives, an investigation led to a complaint being filed in federal court and arrest warrants issued for Fan and Yu.<\/span><\/p>\n

\u201cThese two defendants were engaged in a multi-year scheme designed to steal tens of thousands of dollars from Goodyear,\u201d Acting U.S. Attorney Carole S. Rendon<\/strong> said. \u201cGoodyear is to be commended for promptly reaching out to law enforcement when they uncovered this scheme. Because of their quick action, we are now able to hold these men accountable for their conduct.\u201d<\/span><\/p>\n

The defendants are presumed innocent unless proven guilty.<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Two Chinese nationals \u2014 Xin Franco Fan, 40, and Rex Xu Yu, 41, \u2014 were arrested and charged Friday with receiving kickbacks in the purchase of rubber for Goodyear, according to officials.<\/p>\n","protected":false},"author":1,"featured_media":20689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3],"tags":[471,473,2264,2265],"class_list":["post-20686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home-main-slider","category-u-s-department-of-justice","tag-chinese-nationals","tag-fraud","tag-goodyear","tag-rubber"],"yoast_head":"\nFBI Arrest Two Chinese Goodyear Employees Who Allegedly Ripped Off the Tire Company<\/title>\n<meta name=\"description\" content=\"Two Chinese nationals \u2014 Xin Franco Fan, 40, and Rex Xu Yu, 41, \u2014 were arrested and charged Friday with receiving kickbacks in the purchase of rubber for Goodyear, according to 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