VOL. 8 | NO. 23 | Saturday, May 30, 2015
New Jersey Man Pleads Guilty in Memphis in FedEx Fraud Case
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.
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