mail fraud

Business Owner Found Guilty of Mail Fraud

A Philadelphia business owner has pled guilty to conspiracy to commit mail fraud and will be sentenced in June. The case stemmed from defrauding more than 40 federal subcontractors out of more than $1 million in payments.

Keith B. Fisher Sr. owned three companies — KLA International Inc., Quad Trade Services Inc. and TCI Technologies — and he successfully garnered several federal government contracts. The companies would then hire third-party vendors to provide goods to the government, but Fisher’s companies either never paid the subcontractors or only paid a small amount.

Fisher used fraudulent credit reports, false trade applications and fraudulent information about his company to carry out the scheme. The falsified information convinced the subcontractors to ship the goods on credit, and Fisher and his associates pocketed the money.

Fisher faces up to five years in prison and up to $250,000 in fines following his mail fraud.

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KDuncan & Company is dedicated to providing knowledge and support for small government contractors about concerns regarding government contracting. For questions on areas such as as cost proposals, accounting systems, DCAA compliance, and incurred cost audits, reach out to KDuncan & Company.

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