
<p>A former bank vice president pleaded guilty on Wednesday to a fraud charge, admitting he helped former executives of Olympus carry out a fraud involving several hundred million dollars that deceived investors into thinking the company was stronger financially than it was.</p><p>The former banker, Chan Ming Fon, 50, pleaded guilty in Federal District Court in Manhattan to federal conspiracy to commit wire fraud. He said he helped the executives as they misrepresented the financial condition of Olympus, a maker of medical devices and cameras, from at least 2004 through 2010 while he worked at two international financial institutions.</p><p>"I acknowledge that my conduct was wrong," Mr. Chan told Judge Laura Taylor Swain.</p><p>Mr. Chan, a Taiwanese citizen and Singapore resident, was arrested in December in Los Angeles. He was expected to remain in the Los Angeles area after posting $1.5 million cash as part of his $3 million bail.</p><p><a href="http://www.nytimes.com/2013/09/19/business/former-banker-pleads-guilty-in-olympus-accounting-case.html">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.reuters.com/article/2013/09/18/us-olympus-banker-plea-idUSBRE98H0YE20130918">Ex-banker pleads guilty in Olympus accounting fraud</a> (Reuters)</p><p><a href="http://online.wsj.com/article/SB10001424127887323808204579083350758580652.html">Former Banking Executive Pleads Guilty to Assisting Olympus Fraud</a> (Wall Street Journal)</p><p><a href="http://www.bloomberg.com/news/2013-09-18/ex-banker-pleads-guilty-in-olympus-fraud-case.html">Ex-Banker Pleads Guilty in Olympus Fraud Case</a> (Bloomberg)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=dit4OwYIAXq5YMMwvqxvo8vq5FXeM&ned=us">12 additional articles.</a></p>