In Fairfield County, a man has confessed to his involvement in a fraudulent scheme worth $2.19 million, which he orchestrated to deceive an alcohol company owned by 50 Cent. The man caused the company to overpay for champagne and cognac and received kickbacks in return.
According to an announcement made by US Attorney Philip R. Sellinger of the District of New Jersey, Mitchell E. Green, a 44-year-old resident of Westport, has pleaded guilty to a single charge of wire fraud on Monday, September 18th.
According to Sellingere, Green, who was hired to secure the most favorable agreement for his employer, engaged in covert dealings that increased the payment amount. This allowed him to receive kickbacks amounting to millions of dollars.
As per the records submitted in the case and the statements presented in court from June 2017 to February 2020, Green was employed by Sire Spirits, a liquor company based in Hoboken, New Jersey, which is owned by the famous rapper Curtis “50 Cent” Jackson.
According to court documents, Green was found to have engaged in covert negotiations with two French distilleries. The distilleries were allegedly paying him kickbacks through his company, Q Branch LLC, for every bottle of champagne and cognac that Sire Spirits purchased from them.
According to court records, Sire Spirits was charged an inflated price for the champagne and cognac by Green, who had hidden his kickbacks in the per-bottle cost. This resulted in the company paying $14.8 million for the products, while Green collected $2.19 million in illicit kickbacks.
If found guilty of wire fraud, the offender can face severe consequences such as imprisonment for up to 20 years and a hefty fine of over $250,000. This charge is not to be taken lightly and can have grave implications for those who are convicted.
The date for the sentencing has been set for January 2024.
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