CAMDEN, N.J. – In a stunning blow to the financial sector, Jeremy Hare, 48, of Philadelphia, has been sentenced to 36 months in prison for orchestrating a $400,000 wire fraud scheme against a commercial finance lender.
Hare, who previously pleaded guilty before U.S. District Judge Renee Marie Bumb, was president and managing member of Apollo Search Partners LLC, a staffing agency with New Jersey ties. The scam unraveled as Hare submitted over 15 fraudulent invoices to the lender, falsely claiming for services never rendered.
Documents and court statements revealed that between June 20, 2017, and Aug. 15, 2017, Apollo received over $400,000 based on these false claims. To date, the lending company has not seen a dime of that money returned. Hare’s scheme was particularly audacious as he used time sheets to substantiate non-existent work hours.
In addition to his prison term, Hare is also ordered to serve three years of supervised release and pay a staggering $411,838 in restitution to the victim company. The investigation that led to this conviction was spearheaded by special agents of the FBI under Special Agent in Charge Gregory W. Ehrie.
U.S. Attorney Craig Carpenito commended the FBI’s efforts, with Assistant U.S. Attorneys Andrew Kogan and Sarah Devlin representing the government. Hare’s defense counsel, Ronald L. Greenblatt Esq., of Philadelphia, faced an uphill battle in court.
RELATED: New Castle Dealer Gets 6+ Years
RELATED: John Jacob Hasay Gets 24 Months for Illegal Machinegun Possession
Related Federal Cases
- Arts & Crafts Fraud: Medicare Hit for $200K · Pennsylvania
- Finger-Painting Fraud: $200K Medicare Rip · Pennsylvania
- Art Fraud: $200K Medicare Scam · Pennsylvania
- Artful Dodge: Medicare Fraud Case Closed · Pennsylvania
- NJ Doctor Vincent J. Gamuzza Indicted in $250K Health Care Fraud · Pennsylvania
Key Facts
- State: New Jersey
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes
- Source: Official Source ↗
🔒 Get the grimiest stories delivered weekly. Subscribe free →
Browse More
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News