Newark, N.J. – The grim halls of justice were again echoed with the case of Ketan Ghutadaria, a 50-year-old from Johnson City, Tennessee, who is facing a mountain of charges for wire fraud.
The DOJ has thrown the book at Ghutadaria, leveling two counts of wire fraud against him. The man was nabbed in Tennessee on Aug. 13, 2020, by inspectors from the U.S. Postal Inspection Service (USPIS), and today he will appear before a New Jersey judge via videoconference.
According to court documents, Ghutadaria engaged in financial chicanery between March 2018 and September 2018. He misappropriated his employer’s bank account information to pay off personal debts, all without prior approval or authorization. The deceitful scheme saw him authorize 31 fraudulent Automated Clearing House (ACH) debit transactions from the company’s New York-based account.
The audacious fraudster didn’t just stop at siphoning funds; he used some of the ill-gotten gains to purchase a new Audi Q7 and an Audi A6. It’s estimated that the total loss from his fraudulent activities is significant, with a potential fine reaching up to $250,000 or twice the gross pecuniary gain.
U.S. Attorney Craig Carpenito has lauded the efforts of postal inspectors from the USPIS, Newark Division, Inspector in Charge James Buthorn; Knoxville Domicile, Atlanta Division, Inspector in Charge Tommy Coke; U.S. Marshals Service from the Eastern District of Tennessee, U.S. Marshal David Jolley; and the Hudson County Prosecutor’s Office Special Investigations Unit, led by Prosecutor Esther Suarez.
Cassye Cole of the U.S. Attorney’s Office’s Criminal Division in Newark represents the government in this case. The charges against Ghutadaria are merely accusations at this stage; he is presumed innocent until proven guilty.
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Key Facts
- State: New Jersey
- Agency: DOJ USAO
- Category: Drug Trafficking|Fraud & Financial Crimes|Cybercrime|Public Corruption|White Collar Crime|Organized Crime
- Source: Official Source ↗
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