WASHINGTON, Oct. 19 -- The U.S. Department of Justice's U.S. Attorney's office for XXXXXX (insert district) issued the following press release:
NEWARK, N.J. - A California man today admitted fraudulently obtaining over $4.6 million from a victim company based in New Jersey, U.S. Attorney Robert Frazer announced today.
Joseph Rodriguez, 71, of Irvine, California, pleaded guilty today before U.S. Magistrate Judge Jose R. Almonte to Count One of an Indictment charging him with wire fraud.
According to documents filed in this case and statements made in court:
In January 2015, Rodriguez, through his company Old American Incorporated, entered into a factoring agreement with a New Jersey company (Victim-1)to obtain loans secured or collateral...