A jury has convicted the owner of a concrete bridge beam company over a 15-year conspiracy to defraud the U.S. Department of Transportation and PennDOT. The scheme involved more than $136 million in government contracts.
Pennsylvania-based Schuylkill Products Inc. sold its bridge beams for highway construction projects. To obtain lucrative government contracts reserved for companies classified as Disadvantaged Business Enterprise, prosecutors said Schuylkill used a front company.
Joseph W. Nagle was convicted on Thursday, April 5, on 26 charges related to the scheme, which the DOT said involved using Marikina Construction Corp. – a small Connecticut construction firm – as a front to obtain the lucrative government contracts.
According to the Office of Inspector General, Schuylkill employees pretended to be Marikina employees by using fake business cards, email addresses, stationary, signature stamps, and magnetic vehicle placards and decals.
Nagle was president, CEO and part owner of Schuylkill Products Inc., the DOT OIG said in a news release. Nagle was convicted on 11 counts of wire fraud, six counts of mail fraud, conspiracy to commit money laundering, and 11 counts of money laundering.
He faces up to 20 years in prison for each wire fraud count, up to 10 years in prison for money laundering conspiracy, and $250,000 in fines and mandatory restitution for each conviction.
Copyright © OOIDA