Manchester Resident Sentenced For Mail Fraud
CONCORD, N.H. –Nazar Lopushansky, 30 of Manchester, has been sentenced in United States District Court for the District of New Hampshire to one year and one day in prison, after pleading guilty to six counts of mail fraud, announced United States Attorney John P. Kacavas.
In 2009, Lopushansky owned a financially distressed construction business, Engelwood Construction, Co. Inc., that had a business office in Manchester, New Hampshire. In January 2009, a certified public accountant created a financial statement on Lopushansky’s behalf that falsely increased Engelwood’s cash assets by $450,000. Thereafter, through conduct that involved the use of the United States Postal Service and competitive contract bidding procedures, Lopushansky acquired four contracts that required bonding for Engelwood from state and local government agencies. To acquire these bonds, Lopushansky provided a copy of the fraudulent financial statement to Bond Safeguard, a bond company in Tennessee. Engelwood did not finish the projects as required by the contracts and as a result, Bond Safeguard was required to pay claims totaling $253,585.62.
The case was investigated by the United States Department of Transportation, Office of Inspector General and the United States Postal Inspection Service. It was prosecuted by Assistant United States Attorney Bob Kinsella.