Tomball Business Executive Issued False Invoices Worth $13 million

Tomball Business Executive Issued False Invoices Worth $13 million

The owner of Twinkle Management Inc. (TNI) has entered a guilty plea to charges of wire fraud and money laundering.

TMI was Westlake’s supplier of plastic shipping bags that Westlake used to ship its chemical products internationally. TMI delivered the shipping bag to Packwell Inc., a packaging and logistics company in La Porte. Packwell then used the bags to package Westlake’s chemical products and ship those products through the Houston ship channel. In addition to invoicing Westake for bags that had actually been delivered, Tinkle submitted false invoices to Westlake for deliveries of bags to Packwell, that, in reality, never occurred.

Tinkle supported his false invoices to Westlake by attaching Packwell receiving reports Tinkle doctored to purportedly show the undelivered bags had actually been received by Packwell. To obtain financing, Tinkle then caused the fraudulent invoices to be presented to Charter Capital, a Houston factoring company, that relied on the invoices in providing funding to TMI. Westlake and Charter Capital paid TMI millions of dollars based on deliveries that never occurred.

The plea was accepted on Thursday and sentencing has been set for Dec. 8, 2016. At that tune, Tinkle faces up to 20 years in federal prison for the wire fraud and 10 years for money laundering. He could also be ordered to oay a $250,000 fine. He was permitted to remain on bond pending that hearing.

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