- Associated Press - Friday, April 27, 2018

NEWARK, N.J. (AP) - Two New Jersey siblings have been convicted of running a multi-million-dollar invoice scheme that defrauded a company where one of them worked.

Shevandra Verasawmi, of Matawan, and Vishallie Verasawmi, of Green Brook, were each convicted Thursday on one count of conspiracy to commit mail fraud and three counts of mail fraud. They both face several decades in prison when they’re sentenced Aug. 8.

Federal prosecutors say Shevandra Verasawmi created shell companies that his sister added to her employer’s accounts payable system, even though the shell companies never had contracts for goods or services with the firm. They allegedly submitted dozens of fraudulent invoices to the company and sought to divert millions of dollars.

Prosecutors say the siblings deposited the fraud proceeds into bank accounts they controlled and spent it on personal expenses, including luxury cars and credit card payments.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide