Man allegedly faked medical device sales to get money he used for gambling, personal expenses, DOJ says

(FOX40.COM) — A Sacramento County man is facing four charges of wire fraud in connection to a medical device sales scheme , the U.S. Department of Justice said on Monday.

The 38-year-old man from Fair Oaks was arrested after a federal grand jury returned a four-count indictment in late April.

The DOJ said the scheme involved the man’s company, Trusted Medical Partnership, and that he told investors over four years, starting in June 2018, that he needed money to fulfill purchase orders for medical devices.

As part of the scheme, the man allegedly sent the investors fake copies of the purchase orders and promised them “substantial returns in a relatively short time with zero risk,” the DOJ said.

Once the money was sent over, the man allegedly used it on gambling, personal expenses, and payments to earlier investors, while the victims received “little to no returns on their investments,” the DOJ said.

If convicted, the man could face a maximum sentence of 20 years in prison and a $250,000 fine.

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