Two men in New Jersey were sentenced for their involvement in a scheme to defraud employers by arranging for payment on goods that never shipped, and instead diverting those payments to themselves. Daniel Wall, 59, and Adam Meyers, 44, were sentenced last week in a Bridgeport, N.J., District Court.
Between March 2008 and August 2012, Meyers and Jason Torrance, a third cohort, devised the scheme, according to the CT Post. Torrance worked out of the New Haven branch of a New Jersey-based electrical and industrial supply company and Meyers was a project manager for a New Britain-based electrical subcontractor that frequently purchased supplies from the supply company. Wall operated Bob Wall and Associates, a Cheshire-based distributor of electrical and other related equipment.
The victim companies lost more than $600,000 as a result of this scheme. Restitution will be determined after additional court proceedings. On Feb.23, 2015, Meyers and Torrance each pleaded guilty to one count of conspiracy to commit mail fraud. On July 15, Wall pleaded guilty to one count of misprision of a felony. Torrance awaits sentencing, the CT Post reported.
