User:Angelicacourel/sandbox

<!-- EDIT BELOW THIS LINE --Etienne Uzac

Early Life and Career
Etienne Uzac (born 1984) is a French-American media entrepreneur and businessman who co-founded the New York-based digital media company International Business Times (IBT) in 2006. Under Uzac’s leadership as CEO, the company expanded to include publications such as Medical Daily, Latin Times, Player One, and Fashion Times. By 2013, the company had grown significantly, employing 200 people and attracting millions of visitors to its websites.

Acquisition of Newsweek
In 2013, IBT acquired the weekly newsmagazine Newsweek, expanding its media portfolio.

Legal Issues
In January 2018, Uzac faced legal challenges following an investigation by the Manhattan District Attorney’s Office regarding allegations of fraud and money laundering. The investigation focused on accusations that Uzac misrepresented the financial health of Newsweek and was involved in creating false financial documents. IBT’s Manhattan offices were raided as part of this investigation.

Resignation
In February 2018, Uzac and Marion Kim, the company’s finance director and Uzac's wife, both resigned from their positions at IBT amidst the legal proceedings.

Guilty Plea
On February 14, 2020, Uzac pleaded guilty in Manhattan Criminal Court to charges related to fraud and money laundering. This plea allowed him to avoid incarceration. IBT, the owner of Newsweek at the time, also pleaded guilty to fraud.