Hackensack NJ Fraud LawyersA Florida man is going to federal prison after he pleaded guilty to defrauding a business located in Bergen County, NJ.

The suspect is a 57-year-old resident of Windermere, Florida. According to the prosecutors, the suspect stole roughly $1.6 million from a Bergen County NJ business by using fraudulent invoices.

The Bergen County business is a factoring service that provides financing to other businesses. The suspect, who owned a trucking company, reportedly gave false invoices and other documents to the Bergen County factoring company so that he could secure short-term financing totaling $1.6 million.

Law enforcement eventually learned about the alleged fraud and placed the suspect under arrest.

The suspect is now headed to a federal penitentiary after he reached a plea agreement with the U.S. Attorney’s Office and pleaded guilty to wire fraud.

The suspect recently appeared in US District Court, located in Trenton NJ, for a sentencing hearing. The district court judge sentenced the suspect to more than four years in prison and ordered him to pay around $1.6 million in restitution to the Bergen County factoring company.

For more information about this case, check out the NJ.com article, “Man Gets 4 Years in Prison for Bilking N.J. Company Out of $1.5M.”