Former Grey Vice President Pleads Guilty in Color Wheel Case

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NEW YORK — A former Grey Advertising vice president for graphic services pleaded guilty today in federal court in charges related to a Department of Justice investigation into billing practices in the printing industry.

Joe Panaccione, who went by the professional name of “Joe Payne,” was a former vice president in Grey’s graphic services department. He pleaded guilty to two counts of overbilling Grey clients for print services executed by The Color Wheel, a Manhattan based graphics supplier.

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