An owner of a trucking company was sentenced to more than four years in prison for defrauding a factoring company out of $1.5 million, New Jersey District U.S. Attorney William E. Fitzpatrick announced.
Jerry Guidice, 57, of Windermere, Fla., was sentenced on April 25 in Trenton federal court to 53 months in prison for using phony invoices to obtain more than $1.5 million from a New Jersey company. Guidice pleaded guilty to wire fraud in November 2016. U.S. District Judge Ann E. Thompson also sentenced Guidice to three years of supervised release and ordered him to pay restitution of $1.6 million.
The names of both companies were omitted from court documents.
According to a news release from the District of New Jersey U.S. Attorney’s Office, Guidice had a trucking company he owned enter into an agreement with a Bergen County, N.J., factoring company in which Guidice’s business would assign some of its accounts receivable in return for short-term financing.
Guidice sought to defraud the factoring company by emailing fraudulent invoices for trucking services that were never actually performed by his company, the U.S. Attorney’s Office said. The transfers reportedly took place from September 2015 through February 2016.
Copyright © OOIDA