Camden, New Jersey Man Pleads Guilty to Defrauding Customer, Evading Taxes
CAMDEN, N.J. – Mitchell Bleicher, 52, pleaded guilty to committing wire fraud, money laundering, and income tax evasion, announced U.S. Attorney Craig Carpenito.
Bleicher, owner and operator of Allied Materials Inc. in Berlin, New Jersey, admitted to submitting false invoices to Company 1 in Cherry Hill, New Jersey, resulting in $1,917,381 in illicit proceeds. He used the money on personal expenditures, including Rolex watches, two Rolls Royce automobiles, and home renovations.
Bleicher also failed to pay taxes on the fraudulent income, defrauding the IRS of $578,902 in income tax revenue. He pleaded guilty to one count each of wire fraud, money laundering, and income tax evasion before U.S. District Judge Robert B. Kugler in Camden federal court.
The count of wire fraud carries a maximum potential penalty of 20 years in prison and a $250,000 fine. The count of money laundering carries a maximum penalty of 10 years in prison and a fine of $250,000. The count of income tax evasion carries a maximum potential penalty of five years in prison and a fine of $250,000.
Sentencing is scheduled for May 17, 2019. U.S. Attorney Carpenito credited special agents of the FBI and IRS – Criminal Investigation with the investigation leading to today’s guilty plea.
The government is represented by Assistant U.S. Attorney Jason M. Richardson of the U.S. Attorney’s Office Criminal Division in Camden. Defense counsel is Robert E. Welsh Esq. of Philadelphia.
Defendant: Mitchell Bleicher
Criminal Charges: Wire fraud, money laundering, income tax evasion
City and State: Camden, New Jersey
Date: April 2018 (crime date)
Sentence: Sentencing scheduled for May 17, 2019
Dollar Amounts: $1,917,381 (illicit proceeds), $578,902 (income tax revenue)
Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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