NEWARK -- The owner of a medical supply company pleaded guilty Tuesday to wire fraud in connection with a scheme to bilk an Essex County firm out of $950,000, U.S. Attorney for New Jersey Paul Fishman said.
John Tekulve, 44, of Milford, Ohio, sold products to the unnamed New Jersey firm and eventually obtained the firm's credit card information. Between January 2011 and October 2012, he used that information to fraudulently bill the company for goods and services that were never provided. Tekulve spent the cash on luxury items including cars and jewelry, authorities said.
He faces up to 20 years in prison and a $250,000 fine.
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