CAMDEN, N.J. – A major wire fraud case was resolved on last Wednesday, with Creed White, a 64-year-old man from Freeland, Maryland, admitting guilt.
White, the proprietor of a New Jersey scrap metal company named American Scrap LLC, was charged with one count of wire fraud by U.S. District Judge Christine P. O’Hearn.
The case, as revealed in court statements and documents, revealed that White was running a sophisticated scheme between 2010 and September 2020.
Through his business, he duped at least 13 businesses, securing payments for scrap metal shipments that never occurred. Additionally, White acquired scrap metal without compensating the victims.
The FBI, led by Special Agent in Charge James E. Dennehy, was responsible for the investigative groundwork that led to the guilty plea. Wire fraud carries a maximum penalty of 20 years in prison and a fine up to $250,000, or twice the gross profits or gross loss suffered by the victims, whichever is greater.