- Associated Press - Thursday, July 16, 2015

TRENTON, N.J. (AP) - A Pennsylvania businessman who used phony documents and straw buyers to fraudulently secure millions of dollars in discounted computer equipment from two companies has been sentenced to six months in prison.

Andrew Silverman pleaded guilty to wire fraud in federal court in Trenton, New Jersey, in February. The Gladwyne resident had faced up to 20 years in prison, but was sentenced Thursday to six months and another six months of home confinement.

He was also ordered to repay the $2.5 million he made from the scheme and a $75,000 fine.

Silverman exploited Hewlett-Packard and Cisco discount programs from 2008 to 2012 that provided reduced prices on products used locally within a certain country and were not resold.

Silverman wasn’t eligible to receive the discounts, so he recruited others to pose as buyers who were.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide