31°
Stony Brook resident Kenneth Pedroli, 60, pleaded guilty in New Haven district court to one count of conspiracy to commit mail and wire fraud related to defrauding an Illinois-based company, U.S. Attorney John Durham announced this week.
Durham said that between February 2015 and December last year, Pedroli conspired with an employee of the Illinois-based company to defraud it through a scheme involving purchases of electronic components that Pedroli made for a business he operated out of Islandia.
The scheme involved Pedroli placing his orders and listing prices at a fraction of the company he defrauded’s published prices. Once Pedroli’s orders were submitted to the company at a discounted rate, the products were shipped from the company to Pedroli, Durham said Pedroli then was instructed by the company’s employee to only pay a portion of the invoiced price and to make payments directly to him, according to Durham.
According to Durham, the government contends that the Illinois-based company was defrauded of more than $3 million through the scheme.
Pedroli is scheduled to be sentenced on July 22, when he will face a maximum term of 20 years in prison. He remains released on a $500,000 bond pending his sentencing.
Click here to follow Daily Voice Brentwood and receive free news updates.
