Queens Man Pleads Guilty To Defrauding Former Employer Of $4.4 Million In Fake Invoice Scheme
summary
BHASKARRY BAROT, a 32-year-old man from Queens, New York, pleaded guilty to wire fraud for orchestrating a scheme to defraud his former employer of approximately $4
paragraph
BHASKARRY BAROT, a 32-year-old man from Queens, New York, pleaded guilty to wire fraud for orchestrating a scheme to defraud his former employer of approximately $4.4 million through fake invoices. Between July 2018 and August 2022, Barot, who worked as a procurement manager, created and processed fraudulent invoices that mimicked those from legitimate vendors, directing payments into his own pockets via fictitious entities. He is scheduled to be sentenced on September 7, 2023, and faces a maximum potential sentence of 20 years in prison. The U.S. Attorney’s Office praised the FBI’s investigative work in the case.
narrative
BHASKARRY BAROT, a 32-year-old man from Queens, New York, pleaded guilty to wire fraud for orchestrating a scheme to defraud his former employer of approximately $4.4 million through fake invoices. Between July 2018 and August 2022, Barot, who worked as a procurement manager, created and processed fraudulent invoices that mimicked those from legitimate vendors, directing payments into his own pockets via fictitious entities. He is scheduled to be sentenced on September 7, 2023, and faces a maximum potential sentence of 20 years in prison. The U.S. Attorney’s Office praised the FBI’s investigative work in the case. BHASKARRY BAROT, a former procurement manager from Queens, New York, pleaded guilty to wire fraud for orchestrating a scheme that defrauded his former employer of approximately $4.4 million through fake invoices between 2018 and 2022. Barot created and processed fraudulent invoices that mimicked those from legitimate vendors, directing payments to entities he controlled, and used his position to ensure the company paid them. He used over a dozen fictitious entities and caused payment on approximately 40 fake invoices. Barot faces a maximum potential sentence of 20 years in prison, and his sentencing is scheduled for September 7, 2023. The case was investigated by the FBI and prosecuted by the U.S. Attorney’s Office, Southern District of New York.
Classified corporate-fraud(confidence 95%). EDGAR detection: forms 10-K/10-Q/8-K· recall 56% / precision 8%. detection rule →
Statutes
Parties
bhaskarray barotdamian williamsFederal Bureau of Investigationinvestigative workjeffrey w. coyleprocurement manager
Keywords
fake invoicesinvoicesfakebarotformer employercompanymillion fakepaymentmillionlinkpleads defraudingdefrauding formeremployer millionfake invoiceinvoice scheme
Extracted insights
Dollar amounts 2
- $4.40M $4.4 Million $1M–$10M
- $4.40M $4.4 million $1M–$10M
Entities 8
- person bhaskarray barot
- person damian williams
- agency Federal Bureau of Investigation
- person investigative work
- person jeffrey w. coyle
- person procurement manager
- scheme_term wire fraud
- scheme_term wire fraud charge
Triples 12
- Bhaskarray Barot pled guilty to Wire Fraud
- Bhaskarray Barot defrauded Former Employer Of $4.4 Million
- Bhaskarray Barot engaged in scheme from July 2018 To August 2022
- Bhaskarray Barot worked as Procurement Manager
- Bhaskarray Barot created Fraudulent Invoices Totaling $4.4 Million
- Bhaskarray Barot processed Approximately 40 Fake Invoices
- Bhaskarray Barot incorporated Fictitious Entities For Payment Collection
- Bhaskarray Barot is scheduled to be sentenced by U.S. District Judge Andrew L. Carter On September 7, 2023
- Wire Fraud Charge carries maximum sentence of 20 Years In Prison
- Damian Williams announced Guilty Plea By Bhaskarray Barot
- Jeffrey W. Coyle is in charge of Prosecution
- Federal Bureau Of Investigation conducted Investigative Work
Extracted body text (3,778c)
Press Release Queens Man Pleads Guilty To Defrauding Former Employer Of $4.4 Million In Fake Invoice Scheme Wednesday, June 7, 2023 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Damian Williams, the United States Attorney for the Southern District of New York, announced that BHASKARRAY BAROT pled guilty today to wire fraud in connection with engaging in a years-long scheme to defraud his former employer out of approximately $4.4 million. BAROT pled guilty before U.S. Magistrate Judge Sarah Netburn and is scheduled to be sentenced by U.S. District Judge Andrew L. Carter on September 7, 2023. U.S. Attorney Damian Williams said: “For years, Barot created fraudulent invoices and processed them for payment at the Manhattan-based company where he used to work as a procurement manager. Barot designed the invoices to closely resemble the invoices that the company received from real vendors and other entities owed payment from the company. But the fraudulent invoices differed in a crucial way: they directed payment into Barot’s pocket. Today’s guilty plea emphasizes that this Office will seek justice for companies that fall victim to corporate theft.” According to court filings and statements made in court proceedings: From at least in or about July 2018, up to and including at least August 2022, BAROT engaged in a scheme to defraud his former employer (the “Company”) of approximately $4.4 million through fake invoices designed to resemble those received from legitimate vendors of the Company. BAROT used his position as a procurement manager at the Company to process the fraudulent invoices for payment. When doing so, he often affixed the fake invoices to email messages that he, in some cases, sent in the names of employees of the Company’s real vendors so that it would appear as though the real vendors were seeking payment on the fake invoices. The fake invoices, however, stated that payment should be made to entities with names that often differed slightly from those of the real vendor companies. BAROT then incorporated companies and opened bank accounts in the names of some of the entities listed for payment on the fake invoices so that he could collect the payments that the Company made on the fake invoices. BAROT repeated these fraudulent tactics with more than a dozen fictitious entities and caused payment from the Company on approximately 40 fake invoices, totaling approximately $4.4 million. * * * BAROT, 32, of Queens, New York, pled guilty to wire fraud, which carries a maximum potential sentence of 20 years in prison. The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge. Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation. This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorney Jeffrey W. Coyle is in charge of the prosecution. Contact Nicholas Biase (212) 637-2600 Updated June 7, 2023 Topic Financial Fraud Component USAO - New York, Southern Press Release Number: 23-209
OCR text (3,778c · html-text · 99% conf)
Press Release Queens Man Pleads Guilty To Defrauding Former Employer Of $4.4 Million In Fake Invoice Scheme Wednesday, June 7, 2023 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Damian Williams, the United States Attorney for the Southern District of New York, announced that BHASKARRAY BAROT pled guilty today to wire fraud in connection with engaging in a years-long scheme to defraud his former employer out of approximately $4.4 million. BAROT pled guilty before U.S. Magistrate Judge Sarah Netburn and is scheduled to be sentenced by U.S. District Judge Andrew L. Carter on September 7, 2023. U.S. Attorney Damian Williams said: “For years, Barot created fraudulent invoices and processed them for payment at the Manhattan-based company where he used to work as a procurement manager. Barot designed the invoices to closely resemble the invoices that the company received from real vendors and other entities owed payment from the company. But the fraudulent invoices differed in a crucial way: they directed payment into Barot’s pocket. Today’s guilty plea emphasizes that this Office will seek justice for companies that fall victim to corporate theft.” According to court filings and statements made in court proceedings: From at least in or about July 2018, up to and including at least August 2022, BAROT engaged in a scheme to defraud his former employer (the “Company”) of approximately $4.4 million through fake invoices designed to resemble those received from legitimate vendors of the Company. BAROT used his position as a procurement manager at the Company to process the fraudulent invoices for payment. When doing so, he often affixed the fake invoices to email messages that he, in some cases, sent in the names of employees of the Company’s real vendors so that it would appear as though the real vendors were seeking payment on the fake invoices. The fake invoices, however, stated that payment should be made to entities with names that often differed slightly from those of the real vendor companies. BAROT then incorporated companies and opened bank accounts in the names of some of the entities listed for payment on the fake invoices so that he could collect the payments that the Company made on the fake invoices. BAROT repeated these fraudulent tactics with more than a dozen fictitious entities and caused payment from the Company on approximately 40 fake invoices, totaling approximately $4.4 million. * * * BAROT, 32, of Queens, New York, pled guilty to wire fraud, which carries a maximum potential sentence of 20 years in prison. The maximum potential sentence in this case is prescribed by Congress and is provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge. Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation. This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorney Jeffrey W. Coyle is in charge of the prosecution. Contact Nicholas Biase (212) 637-2600 Updated June 7, 2023 Topic Financial Fraud Component USAO - New York, Southern Press Release Number: 23-209