Florida Man Sentenced To 53 Months In Prison For Defrauding Bergen County, New Jersey, Company Out $1.5 Million

Topics:  Jerry Guidice

U.S. Attorney’s Office
District of New Jersey
25 April 2017

FOR IMMEDIATE RELEASE

TRENTON, N.J. – A Windermere, Florida, man was sentenced today to 53 months in prison for using phony invoices to fraudulently obtain more than $1.5 million from a factoring company in Bergen County, New Jersey, Acting U.S. Attorney William E. Fitzpatrick announced.

Jerry Guidice, 57, previously pleaded guilty before U.S. District Judge Anne E. Thompson to an information charging him with wire fraud. Judge Thompson imposed the sentence today in Trenton federal court.

According to documents filed in this 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 in which the trucking company 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. As a result, the factoring company transferred more than $1.5 million to Guidice’s company from September 2015 through February 2016.

In addition to the prison term, Judge Thompson sentenced Guidice to three years of supervised release and ordered him to pay restitution of $1.6 million.

Acting U.S. Attorney Fitzpatrick credited special agents with the FBI, under the direction of Special Agent in Charge Timothy Gallagher in Newark, with the investigation leading to today’s sentencing.

The government is represented by Assistant U.S. Attorney Andrew Kogan of the U.S. Attorney’s Office Economic Crimes Unit in Newark.

Defense counsel: Christopher Atcachunas Esq., Orlando, Florida

Press Release Number:
17-128