Officers arrested a New Jersey man on Wednesday morning and charged him with fraud. Allegedly, the man has been impersonating the chief operating officer of the New York Mets and pretending to be a co-owner of the team. He has been accused of fraudulently positioning himself as such in order to carry out a $3.5 million fraud scheme.
As for the specific criminal charges that have been brought against Michael Conway, the 39-year-old man is facing charges of aggravated identity theft connected to a scheme to mislead a hedge fund investor. He is also facing wire fraud charges. According to prosecutors, the man forged the signature of New York Mets chief operating officer and partner Jeffrey Wilpon for the purpose of securing a bank loan.
FBI Agents Searched Conway's Offices After Arrest
At this time, the lawyer representing Conway is unknown. However, he is expected to appear in court later on Wednesday. Meanwhile, following Conway's arrest, FBI agents conducted a search of his business offices at Choice Office Solutions, LLC.
The fraudulent scheme conducted by Conway allegedly involved the businessman forging contracts with different companies. Prosecutors say that the man used the forged agreements to boost the success of his company and secure investment capital from investors. The criminal complaint further says that Conway mislead a hedge fund executive to become a partner in his business. The investor entrusted $3.1 million to Conway based on the fraudulent leasing agreements, which made it appear that Conway had secured agreements with 58 different companies and organizations. Unfortunately, prosecutors say that the leasing agreements were false.
As another part of the fraud scheme, prosecutors say that Conway used the false agreements to secure a $313,000 bank loan.
Could Be Sent to Jail for Years
If this man is convicted of these white collar fraud allegations, he could be sentenced to spend years behind bars in a federal jail. Furthermore, any convictions could be used as evidence to bolster claims initiated against him in civil court by plaintiffs who were financially harmed by the fraud.
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