Financial crimes can have serious consequences in the state of Indiana. A 38-year-old man from New Albany recently pled guilty to wire fraud and money laundering and is now facing 20 months in prison. The man will also have to pay over $1.2 million to recompense his former employer.
According to the U.S. Department of Justice, the man reportedly submitted more than 100 false invoices to his employer through a side business, Polygot Developers. The man’s employer reportedly paid the man $1.2 million for the work allegedly completed by Polygot. The man purportedly spent that money on his personal expenses.
Samtec Inc. confirmed that it was the company involved in the fraudulent scheme and claimed it contacted authorities when it noticed some irregularities.
The man apparently continued submitting invoices from April 2017 and June 2021. After submitting an invoice in April 2019 on behalf of four employees, two of whom were fictitious, an executive working for his employer reportedly asked to speak to one of the fictional employees.
At that time, the man pretended to be that employee by using a filter on a Zoom call. However, the executive noticed it was the man and terminated his employment that same day. Years later, the man told investigators the two fictitious employees were allegedly real, but later admitted they were fake.
White collar crimes can result in long prison sentences
White collar crimes can result in serious penalties, including significant jail time and hefty fines. Additionally, a criminal conviction on your record can affect your reputation, your job prospects, and your ability to obtain custody of your kids.
Fortunately, there are several ways to defend against white collar crime charges. For example, you and your attorney may establish that you did not have the intent to commit the crimes or show that there is no evidence tying you to the crime.
