Washington D.C. – John T. Fitzgerald, once a high-flyer at the D.C. office of an investment banking firm, has been indicted on 13 felony charges. The feds allege he orchestrated kickbacks and fraudulent billing schemes totaling nearly $1.2 million.
Fitzgerald, 48, is accused of steering contracts to another firm in return for kickbacks, and inflating invoices for work not done. His co-conspirator, Bryan D. Wright, has already pleaded guilty to conspiracy charges.
According to the indictment, Fitzgerald began billing for Station Ridge development project through his own company in 2011, siphoning off $41,000. The duo then orchestrated an invoicing scheme with Wright’s firm, P&E Services, LLC, taking nearly $600,000 over two years.
They’re also accused of bilking Fitzgerald’s employer for about $70,000 through a related scam involving the Bridgewater office building in Fairfax. The grand jury seeks to forfeit over $700,000 in proceeds from the alleged schemes.
Despite his charges, Fitzgerald is presumed innocent until proven guilty. U.S. Attorney Channing D. Phillips praised the work of the FBI and IRS-CI in bringing the case to light.
The indictment underscores the lengths some will go to line their pockets at the expense of their employers and investors.
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Key Facts
- State: Washington DC
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption|White Collar Crime
- Source: Official Source ↗
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