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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Fast-Rising Allstate Sales Group Collapses After CEO Tepedino Charged with Orchestrating the Perfect Fraud

Allstate Sales Group's major clients included Verizon and AT&T. (Credit: Kampus Production/Pexels)

Allstate Sales Group was once heralded as a story of rapid growth and success. The company built a reputation as one of the emerging construction and engineering vendors in the United States, boasting over 700 employees at its peak. It secured major wireless infrastructure contracts with industry giants such as Verizon, AT&T, Frontier, Everstream, Tilson/Boundless, and MTA Bridges & Tunnels.

However, this success was built on a carefully orchestrated fraud scheme that eventually came to light, leading to the company's downfall. The scandal surfaced after the company abruptly let go of 500 employees and vendors went unpaid, raising suspicions about the company's financial health.

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