Suspects Accused of Defrauding Xerox Out of $7.2 million

Five Daytona Beach, Florida, men are facing charges they defrauded Xerox Corporation of $25 million.Prosecutors say one of the men owned an authorized re-seller of Xerox office equipment and supplies. He allegedly sold 60 Xerox printers to sham companies owned by the other defendants. The companies then ordered more than $25 million worth of Xerox toner which they never used. They then resold that toner to another Florida man for nearly $10 million, and he kicked back half the money.The sham companies faked their ledgers to make it appear they were printing millions of copies they never made.


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