In a shocking case of corporate deceit, Nicholas Selby, a 31-year-old former employee of Planet Fitness Holdings, LLC, pleaded guilty to engaging in a scheme to defraud the company of more than $920,000.
According to Acting United States Attorney Donald Feith, Selby worked as a systems engineer at Planet Fitness in Newington, New Hampshire.
Between November 2013 and March 2015, Selby caused Planet Fitness to pay for over 1,800 iPads by submitting more than 90 invoices to the company’s accounts payable department that falsely described the items purchased.
Selby bought the iPads from technology vendors with whom Planet Fitness maintained credit accounts and had them shipped via interstate commercial mail carriers to Planet Fitness’ corporate office.
From there, Selby took delivery of the iPads and sold them to companies in Rexburg, Idaho, and Lawton, Oklahoma.
The scheme was discovered when an employee of Planet Fitness had a telephone call concerning the status of a legitimately ordered iPad, which led to the vendor discussing the orders placed by Selby.
Planet Fitness then conducted an internal investigation to document the fraud and reported it to the Newington Police.
Selby, a former resident of Madbury, New Hampshire, now lives in Snellville, Georgia.
An investigation by the Newington Police Department and the Federal Bureau of Investigation revealed the extent of the scheme.
Selby will be sentenced by Chief United States District Court Judge Joseph N. Laplante on January 28, 2016.
The maximum prison term for the offense to which Selby pleaded guilty, mail fraud, is 20 years.
The maximum fine for mail fraud is the amount that is equal to twice the gross gain or gross loss caused by the offense, whichever is greater.
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Key Facts
- State: New Hampshire
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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