A US District Court has handed two Georgia residents prison terms for engaging in a corporate fraud scheme which cost the victims over $500,000 in losses. Antonio Sandridge was sent to prison for 27 months and his brother Rodney for 42 months, and both ordered to pay a fine, too.
A US Department of Justice (DoJ) press release says the two men filed new registration details for existing companies on the Georgia Secretary of State’s site, and used the new information to order electronic equipment from victim companies using false credit applications. The brothers received the goods at the address provided by them and resold them without paying the senders, who were small businesses and allegedly suffered immensely.
The culprits cheated 16 companies of over $540,000 worth of computer equipment between 2012 and 2014, says DoJ.
DoJ adds that the Sandridges are repeat offenders who were jailed in 2006 for a similar scheme.
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