In a stunning display of white collar crime, BRENT ALLAN DILONARDO, 58, of Tulsa, Oklahoma, has been sentenced to 30 months imprisonment for his role in a conspiracy to defraud a company in Cary, North Carolina.
The sentence, handed down by Chief United States District Judge James C. Dever III, also includes 3 years supervised release and $219,304 restitution. DILONARDO pled guilty to Conspiracy to Commit Wire Fraud on July 11, 2016.
According to the Criminal Information, DILONARDO and his co-conspirator, John Michael Wade, had contracted with a company in China to supply tools to their company headquartered in Cary, NC. However, the two men reached an agreement with the Chinese company to inflate the invoices, which were then paid by DILONARDO’S company.
After the inflated invoices were paid, the Chinese company would then pay the inflated amounts to DILONARDO, who would split the proceeds with Wade. Wade had incorporated a business to receive his share of the proceeds, and had pled guilty to the same offense in February 2016. He was sentenced to twelve months and one-day imprisonment on September 13, 2016.
DILONARDO received a higher sentence than Wade due to his leadership role in the conspiracy to defraud. The criminal investigation was conducted by the Internal Revenue Service Criminal Investigation, and Assistant United States Attorney David Bragdon handled the case on behalf of the Government.
The case highlights the seriousness with which the justice system takes white collar crimes, and the significant penalties that can be imposed on those who engage in such activities. As the sentence demonstrates, the consequences of conspiracy to defraud can be severe, and can result in significant imprisonment and financial restitution.
In conclusion, the sentencing of BRENT ALLAN DILONARDO serves as a reminder of the importance of integrity and honesty in business dealings. The justice system will continue to hold accountable those who engage in fraudulent activities, and will impose significant penalties on those who are found guilty.
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Key Facts
- State: North Carolina
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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