(Chicago, IL)  --  A former General Motors executive is facing nearly six years in prison for his part in a kickback scheme that cost the automaker a reported 83-million dollars.

   As GM's global commodity manager, Daniel Bealko was given the job of selling off the company's massive holdings in aluminum estimated to be worth around $1-billion.

   Bealko arranged the sale through Anthony Brown, a metals broker.

   The scam involved both skimming millions of dollars in profits from the aluminum sales arranged by Bealko.

   When the brokerage company went bankrupt, GM discovered it had been left with $83-million in losses.

   A plea deal reached with Bealko requires him to forfeit the six-point-five-million dollars in ill-gotten gains he collected from the sale and he has to help authorities collect $3.3-million stashed in a German bank account.

   Brown, the Chicago-area metals broker, has also pled guilty to charges linked to the scheme.



   (Copyright 2009 by VERTEXNews/Newsroom Solutions)