Buffalo, NY – Robert C. Logel, a 55-year-old man from Williamsville, has pleaded guilty to wire fraud and tax evasion, charges that carry a maximum penalty of 20 years in prison and a $250,000 fine. This is not Logel’s first time committing wire fraud, as he was previously convicted in 2009 for defrauding two victims out of nearly $3,000,000.
Logel was sentenced to 48 months in prison for his previous conviction. Just months after being released from prison, Logel entered into a scheme involving the production, distribution, and sale of two skin and healthcare products. He made false representations to his victims, including QuadPharma, a pharmaceutical manufacturing company located in Clarence, NY, regarding his ability to distribute and market these products.
As a result, Logel’s victims transferred funds to him, which he used for personal expenses, including car payments, college tuition, rent for his and his girlfriend’s apartments, and cosmetic surgery. QuadPharma suffered a loss of approximately $417,120, while six other victims suffered a total loss of approximately $143,176.
In addition to his crimes against his victims, Logel also failed to file income tax returns for the tax years 2004 through 2007, resulting in a loss of $5,574,837.38 to the Internal Revenue Service.
The plea is the result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Gary Loeffert, and the Internal Revenue Service, Criminal Investigation Division, under the direction of Acting Special Agent-in-Charge Jonathan D. Larsen.
Sentencing is scheduled for August 15, 2019, at 11:00 a.m. before Chief U.S. District Judge Frank P. Geraci, Jr.
Robert C. Logel, a resident of Williamsville, NY, has pleaded guilty to wire fraud and tax evasion. He faces a maximum penalty of 20 years in prison and a $250,000 fine. The charges carry a total loss of $5,574,837.38 to the Internal Revenue Service and a loss of $560,296 to his victims.
The investigation into Logel’s crimes was conducted by the Federal Bureau of Investigation and the Internal Revenue Service, Criminal Investigation Division. Sentencing is scheduled for August 15, 2019.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes|White Collar Crime|Public Corruption
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News