Florida Man Headed to Prison for Defrauding Business in Bergen County, NJ
A man from Florida is going to be spending the next few years behind bars after pleading guilty to wire fraud charges. The suspect reportedly defrauded a business located in Bergen County, NJ.
According to federal prosecutors, the suspect created a fake transportation company and then sold accounts receivable to factoring businesses located in several states, including Nevada, California, and New Jersey. The NJ business that was defrauded is located in Bergen County.
Federal law enforcement began an investigation into the suspect after receiving a tip about his alleged fraudulent activity. Once investigators had enough evidence on the suspect, they placed him under arrest.
The total amount of the suspect’s fraud was reportedly $220,000. Under the terms of his sentence, he will be required to pay restitution to the defrauded companies.
The 61-year-old suspect will also have to spend four years in a federal prison after being convicted on federal criminal charges of wire fraud. Beyond that, the suspect will be on supervised release for three years once he has completed his prison sentence.
The US District Court judge in the fraud case had the option of sentencing the suspect to as many as 20 years in prison.
To learn more about this case, see the NJ.com article, “Man Gets 4 Years after Scamming Bergen Biz Out of $220K.”