The owner of a New Jersey construction company is facing
federal wire fraud charges in connection to a scheme that defrauded the
University of Pennsylvania of millions of dollars.
Douglas Kremer, of Bloomingdale, N.J., inflated invoices
for services his company, Accent Construction, provided for the Sheraton
University City Hotel during March and April of 2013, according to the U.S.
Attorney's Office.
Kremer, 52, allegedly inflated the charges of
construction and renovation work by as much as 20 percent and then signed over
the additional ill-gotten funds to a Kenneth Kapikian, the hotel's general
manger, who was charged last month, the U.S. Attorney said.
The amount totaled $67,200 in the form of two checks,
records show.
If Kremer is convicted, he could face up to 20 years in
prison and a fine of up to $250,000.
Attempts to contact an attorney for Kremer were
unsuccessful.
Fifty-seven-year-old Kapikian, of Wayne, Pa., and
60-year-old Dennis Gagliardi, of Chester Springs, Pa., were charged last month
with falsely billing the Ivy league school and defrauding them of $3 million.
Source: Philadelphia
Business Journal
No comments:
Post a Comment