Judge's gavel and court papers Source: Shutterstock.

New York businessman Tony Georgiton pleaded guilty to one felony count of conspiracy during a U.S. District Court phone conference in New York City Wednesday for his role in a multi-million dollar bribery scheme involving the former Melrose Credit Union President/CEO Alan Kaufman, according to court documents.

Soon after Georgiton pleaded guilty, New York lawyer Nelson A. Boxer, who is representing Kaufman, said his client’s relationship with Georgiton had “no bearing whatsoever” on Kaufman’s decision-making at Melrose. Boxer also said Georgiton closed all of his deposits and loans at the credit union in 2013 for better rates.

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