Florida businessman accused of defrauding New Jersey firm

Author: Associated Press
Published:
MGN

NEWARK, N.J. (AP) – A Florida man stands accused of using phony invoices from his transportation company to obtain $220,000 from a New Jersey-based factoring business.

Federal prosecutors say 60-year-old Karl Stehlin, also known as Mark Sawyer, was arrested Tuesday by FBI agents at his Seminole home. He faces five counts of wire fraud and was due to appear in U.S. District Court in Tampa later in the day.

It wasn’t immediately known if he’s retained an attorney.

Prosecutors say that between June and September of last year, Stehlin allegedly defrauded a Bergen County-based factoring business that bought accounts receivable in return for short-term financing.

They say Stehlin created a bogus Idaho-based company, Sawyer Express Transportation, and emailed accounts receivable invoices to the factoring company for transportation services that were never provided.

Stehlin faces a lengthy prison term if convicted on all counts.

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