NEWARK, N.J. – A Highland Beach man is among two former executives of a sports equipment company who are facing federal fraud charges for swindling dozens of schools in northern New Jersey, federal prosecutors said.
The U.S. attorney’s office said the two men used their company, Easton, Pa.-based Circle System Group, to defraud schools, colleges and youth sports programs. A criminal complaint charges that the men double billed schools, inflated invoices and drew up fake bids from other companies.
The men face multiple mail- and wire-fraud counts, each punishable by up to 20 years in prison. Their attorneys could not immediately be reached for comment.
Circle’s former president, David Drill, pleaded guilty in December 2008 and agreed to help investigators.