A man from Pennsylvania has been sentenced to 41 months in prison for conspiring to commit bank and wire fraud. After that he will have five years of supervised release.
Bernard J. Stromberg of Morrisville, PA was also ordered to pay restitution for his role in a scheme involving the Chesapeake Bank of Glouchester, according to Neil McBride with the US Attorney for the Easter District of Virginia. The total he will pay is approximately $716,000.
According to McBride, Stromberg was the CFO of Atomica when he created an agreement with Chesapeake Bank to receive payment on fake invoices. The scheme involved creating a working relationship between Atomica, a design company, and the bank where Atomica would sell the invoices to the bank. The bank would then pay Atomica an administrative fee plus a 10 percent reserve before the customers had paid Atomica.
Through the course of 2009 Atomica sold more than 250 false invoices to the bank spread out over various vendors, amounts, and time periods. This allowed Atomica the ability to keep from submitting actual invoices and keep the bank in the dark.
In December of 2009 Atomica closed its doors with 90 percent of outstanding invoices as fraudulent. Estimates put the cost to Chesapeake Bank at $716,000. Mr Stromberg plead guilty to the charges in Jan 25th 2012.
In Arizona he would have been charged with Bank and Wire Fraud as well.
Fill out the form below to recieve a free and confidential intial consultation.
Click here for important legal disclaimer.
10.0 Superb Rating
AVVO Criminal Defense
AV-Highest Rated Preeminent Lawyers
Martindale-Hubbell
Life Member
National Association of Criminal Defense Lawyers
Super Lawyer
Criminal & DUI Defense
Top 1% Attorney
National Association of Distinguished Counsel
Top 100 Trial Lawyers
(Criminal Defense)
American Trial Lawyers Association
Top 10 DUI/DWI Law Firm
American Institute of DUI / DWI Attorneys
Client Satisfaction Award
American Institute of DUI / DWI Attorneys
Top 100 Lawyer
American Society of Legal Advocates
Member
National College for DUI Defense
Top 10 Attorney
National Academy of Criminal Defense Attorneys
Charter Member
Trial Masters
Member
DUI Defense Lawyers Association
Lifetime Member
Best Attorneys of America
Member
American Bar Foundation
Sustaining Member
Arizona Trial Lawyers Association
Member
America's Top 100 Criminal Defense Attorneys
Member
American Association for Justice
Life Member
Arizona Attorneys for Criminal Justice
Superior DUI Attorney
National Advocacy for DUI Defense
2019 Litigator of the Year
(Criminal Law)
American Institute of Trial Lawyers
Member Since 1989
American Bar Association
Voted #1 DUI Team (2020)
Ranking Arizona
40 N Central Ave, Ste 2300
Phoenix, AZ 85004
Click here for Directions