Covington man awaits sentence for defrauding Internet companies

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COVINGTON, Ky. -- Special Agents with the FBI announced Monday that a Covington man will be sentenced in March of 2014 for defrauding two internet companies.

Melvin Dietz, Jr., 39, will be sentenced on March 14, 2014 for wire fraud and aggravated identity theft. Dietz faces a mandatory two year sentence for the identity theft charge and a maximum of 20 years for the wire fraud.

Dietz plead guilty on November 19 that he devised a scheme to defraud two online internet companies, WeBuyUsedCisco.com and Teksavers.com.

Dietz executed his scheme by using PayPal, which is a global e-commerce business allowing payments and money transfers to be made through the Internet. Through email, he used a fake identity and negotiated a price with a representative of the company for the Cisco equipment. 

The amount of money transferred by Teksavers.com to Dietz’s PayPal accounts as a result of his fraud totaled approximately $50,240. 

eBay Incorporated initiated the investigation with the FBI and the Covington Police.  

 

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