Massachusetts Man Convicted in Conspiracy to Defraud International Businesses
A 48-year-old Massachusetts man was convicted of conspiracy to commit wire fraud for his role in a scheme involving financing of international printing press sales, the Department of Justice said May 20. James Bender, former senior vice president of trade…
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finance for Sovereign Bank, faces up to 20 years in prison and a $250,000 fine. He worked with Paul Wilson, former manager of international trade finance for Goss International Americas Corporation, to defraud foreign companies that purchased commercial printing presses from Goss. Wilson worked to ensure Export-Import Bank credit insurance for loans extended to Goss's foreign customers, while Bender arranged for his Bank to purchase most of the loans Goss extended to its foreign customers. Bender and Wilson created two shell companies, sending fake invoices for loan underwriting services totaling more than $200,000 to two Brazilian and two Mexican companies, DOJ said. Bender Wilson pleaded guilty last year to three counts of wire fraud, and was sentenced to one year and one day in prison. Bender was convicted after a jury trial in United States District Court in New Hampshire.