Owner Of Rhode Island Electronics Parts Company Admits Defrauding Customers
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that JEFFREY WARGA, 61, of North Kingstown, R.I., waived his right to indictment and pleaded guilty today before U.S. District Judge Michael P. Shea in Hartford to one count of conspiracy to commit wire fraud.
According to court documents and statements made in court, WARGA was the president and owner of Rhode Island-based Bay Components, LLC. From approximately July 2005 until November 2008, WARGA and others engaged in a scheme to defraud their business customers, including a Connecticut company, by falsely representing that the electronic parts they sold were not from Asia when, in fact, the parts had been purchased from companies located in Asia; were new parts from the original manufacturer when, in fact, the parts were used; and were authentic parts when, in fact, WARGA and his co-conspirators knew the parts were counterfeit parts.
The charge of conspiracy to commit wire a fraud carries a maximum term of imprisonment of 20 years. A sentencing date has not been scheduled.
U.S. Attorney Daly stated that the investigation is ongoing.
This matter is being investigated by the Defense Criminal Investigative Service and the U.S. Department of Transportation, Office of Inspector General. The case is being prosecuted by Assistant U.S. Attorney Felice M. Duffy.
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