Florida Man Defrauded New Jersey Company out of More Than $1.5 Million

Florida Man Defrauded New Jersey Company out of More Than $1.5 Million

A Windermere, Florida, man admitted on Tuesday, November 15, 2016 to using phony invoices to fraudulently obtained over $1.5 million from a factoring company in Bergen County, New Jersey.

Jerry Guidice, 57, pleaded guilty in Trenton federal court to an information charging him with wire fraud.

According to documents filed in the case and statements made in court:

In July 2015, Guidice had a trucking company he owned enter into an agreement with a Bergen County factoring company. pursuant to the agreement, the trucking company would assign some of its accounts receivable to the factoring company in return for short-term financing.

However, Guidice sought to defraud the factoring company by emailing fraudulent invoices for trucking services that were never actually performed by his company. As a result of the invoices, the factoring company transferred more than $1.5 million to Guidice’s company from September 2015 through February 2016.

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