- Associated Press - Saturday, March 11, 2017

CAMDEN, N.J. (AP) - A Philadelphia man has admitted defrauding dozens of businesses out of more than $1 million.

Federal prosecutors say 59-year-old Keith Fisher pleaded guilty Friday to a complaint charging him with conspiracy to commit mail fraud. He faces up to five years in prison when he’s sentenced June 19.

Authorities say that between February 2010 and August 2015, Fisher used commercial supply companies to bid on federal contracts online. He won some contracts and, along with other conspirators, arranged to have third-party vendors fulfill the contracts on credit by making false claims about his companies’ creditworthiness and histories.

Fisher supplied the goods and materials received from the vendors to the government, which then paid him. But prosecutors say Fisher failed to pay about 40 vendors or only made modest payments.

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