James Arthur Camp, Wire Fraud, Texas 1998

A 65-year-old Lubrizol Corporation employee has been taken into custody for his alleged involvement in a nearly $10 million wire fraud scheme, authorities announced Monday.

According to a 10-count indictment, James Arthur Camp, of New Braunfels, Texas, defrauded his employer out of $9,256,712.54 from approximately April 1998 through November 2017.

The indictment alleges Camp submitted fraudulent invoices for laboratory services from two companies he owned, knowing they had not actually been performed. He then allegedly caused Lubrizol to issue payments to those companies, which he used for his own personal gain.

Camp's scheme was allegedly carried out over a 19-year period, making it a brazen and lengthy scam.

The investigation into Camp's activities was conducted by the FBI, with Assistant U.S. Attorney John Braddock prosecuting the case.

As a result of the indictment, Camp faces up to 20 years imprisonment on each count as well as a possible $250,000 maximum fine if convicted.

The indictment is a formal accusation of criminal conduct, not evidence. Camp is presumed innocent unless convicted through due process of law.

Details of the indictment and Camp's alleged crimes can be found in the full document, available online.

Camp is expected to make his initial appearance before U.S. Magistrate Judge Christina Bryan at 2 p.m. today.

Source: https://www.justice.gov/usao-sdtx/pr/former-employee-indicted-nearly-10-million-fraud-scheme