Indianapolis businessman James D. Victery, 58, has been sentenced to four years in federal prison for his role in an elaborate scheme to defraud local businesses.
According to the U.S. Attorney’s Office, Victery was found guilty of two counts of wire fraud and two counts of money laundering after a jury trial in September of this year.
U.S. District Judge Michael Reagan handed down the sentence, which also includes three years of supervised release after Victery’s prison term.
Victery, who represented himself as a provider of services to contractors bidding on government jobs, was accused of submitting fraudulent invoices to a victim-business for work that was never performed.
The victim-business paid Victery nearly $600,000 on the fake invoices, which he then squandered on personal business interests and debt within a few months.
The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation.
Victery must also make restitution of $404,000 as part of his sentence.
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Key Facts
- State: Indiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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