» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 8 | NO. 23 | Saturday, May 30, 2015

New Jersey Man Pleads Guilty in Memphis in FedEx Fraud Case

AP

Print | Front Page | Email this story | Comments ()

MEMPHIS, Tenn. (AP) – A New Jersey man has pleaded guilty in Tennessee to defrauding FedEx Corp. of an estimated hundreds of thousands of dollars.

U.S. Attorney Edward L. Stanton III's office said 48-year-old Anthony Caruso used his New Jersey-based shipping and logistics company, CSA Group, to ship packages under a different account with more favorable rates.

Caruso pleaded guilty Wednesday in U.S. District Court in Memphis to conspiracy to commit wire fraud, wire fraud and access device fraud. Sentencing is set for Aug. 28.

The government said Caruso gave customers a shipping discount through CSA Group but rebilled their packages to dormant Department of Defense sub-accounts to take advantage of larger discount rates, enabling him to keep the difference.

Stanton's office said the loss to FedEx was estimated at $200,000 to $400,000.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 95 253 13,695
MORTGAGES 96 261 15,827
FORECLOSURE NOTICES 3 24 2,163
BUILDING PERMITS 250 500 28,258
BANKRUPTCIES 57 178 8,828
BUSINESS LICENSES 31 85 4,650
UTILITY CONNECTIONS 33 93 5,486
MARRIAGE LICENSES 9 57 2,951

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.