Hillsborough Man Defrauded Employer Of $1.1 Million: US Attorney

HILLSBOROUGH, NJ — A Hillsborough man pleaded guilty Wednesday to defrauding his employer of $1.1 million worth of high-end electronic devices, said acting U.S. Attorney Rachael A. Honig.

Ovais Mayet, 33, of Hillsborough worked as a biological engineer with a biopharmaceutical company in Summit.

Mayet was allowed to buy materials and equipment for work-related purposes but instead, between January 2019 and March 2020, he used the employer’s account to buy a large amount of high-end electronic devices that were not related to his work, according to documents filed in this case and statements made in court.

Mayet then resold the items on after-market websites and kept the proceeds for personal expenses. Mayet got nearly $1.1 million worth of electronic devices from the fraudulent scheme, according to Honig.

Mayet pleaded guilty to one count of wire fraud and could face a maximum of 20 years in prison and a fine of $250,000, or twice the gross amount of gain or loss from the offense, whichever is greater.

He is scheduled to be sentenced on June 7.

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