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Home / Opinion Digests / Criminal – Wire Fraud – Phony Computer Leases (access required)

Criminal – Wire Fraud – Phony Computer Leases (access required)

The 4th Circuit affirms wire fraud convictions and sentences under 18 U.S.C. Sect. 1343 arising from defendants' involvement in a scheme that arranged equipment financing for nonexistent equipment. Ernest Reinhardt's company, Tech Com, acting as a purported equipment vendor, would arrange through financing companies equipment-lease financing for various customers. Reinhardt would take a portion of the ...