April 4, 2018
Five Florida men have been charged with 63 counts of fraud and attempted fraud against Xerox.
The men, all from Daytona Beach, were indicted by a federal grand jury for defrauding Xerox out of $25 million (€20.3 million), as WHEC reports.
Robert Lee Fisher, David Haynes, Kyle Haynes, Jason Haynes and Bryan Day were indicted on 63 counts of “wire fraud, conspiracy to commit mail and wire fraud, and conspiracy to commit money laundering.”
It was alleged by prosecutors that Fisher “exploited a contract with Xerox where his company – RBM Imaging – would sell printers and Xerox would provide toner based on the amount of prints the customers would make.”
However, under the auspices of this agreement, “customers weren’t allowed to sell the toner”.
Fisher allegedly sold over 60 printers to a fake company, HDH Graphics, which was set up by the Haynes’, who, aided by Fisher, “ordered $25 million (€20.3 million) worth of toner from Xerox even though HDH Graphics made few, if any, prints, with the printers.”
They then resold the toner to a person in Miami for around $11 million (€8.9 million).
The charges they face “each carry a maximum penalty of 20 years behind bars and a $250,000 fine (€203,507)”.
The men will appear in a Rochester court this week.
Categories : Around the Industry