Radnor Company's Employees Charged In $1.2 Million Fraud Scheme

Two men employed by a Radnor-based company have been charged in a $1.2 million fraud scheme, federal authorities announced Thursday.

According to United States Attorney Zane David Memeger Daryl Stevens, 45, of Bethlehem and Justin Jordan, 34, of East Brunswick, N.J. have been charged with multiple counts of mail fraud.

Authorities allege Jordan and Stevens were employees of “Company A,” which was located in Radnor. The company, which was not named, provides storeroom management services for industrial, commercial, and educational facilities.

A third man charged, Christopher Cook, 40, of Ocean Township, was employed by "Company B" — an international pharmaceutical company based in New York City, with offices in New Brunswick, N.J.

Authorities say Company B hired Company A to provide inventory management and purchasing services for Company B’s New Brunswick offices.

Jordan and Stevens were working on-site at Company B in their employment with Company A. Authorities allege that they, along with Cook, created, registered, and incorporated a total of seven sham vendor companies, for which they obtained mailing addresses and set up and controlled bank accounts.

Jordan allegedly controlled four of the sham vendor companies; Stevens allegedly controlled two of the sham vendor companies; and Cook allegedly controlled one of the sham vendor companies.

Between July 2008 and December 2014, Jordan, Stevens, and Cook caused Company A to purchase bogus and non-existent products on behalf of Company B from the seven sham vendor companies that they controlled, the FBI found during its investigation.

The defendants allegedly caused Company A to “sell” approximately $1.2 million of bogus product purchased from the defendants’ sham vendor companies to Company B.

If convicted, each defendant faces a maximum statutory sentence of 20 years in prison per charged count, a special assessment, up to three years of supervised release, and a potential fine, authorities say.

This case was investigated by the FBI.