What would anyone do with $1 million in dental supplies? Frank Clavelli, the president of a Cranford, New Jersey-based dental supply company, sent hundreds of invoices to product manufacturers, but all the paperwork was fake, authorities say. Company president Clavelli, 42, of Monroe Township, Middlesex County, was convicted for falsely obtaining more than $1 million in products.
Clavelli, president of Tristate Dental Supplies & Equipment, was charged with theft by deception and misconduct by a corporate official, both second-degree charges. He also was charged with fourth-degree engaging in deceptive business practices and forgery. All charges other than the forgery charge were dropped in a plea bargain. Tristate, now headquartered in Monroe, was previously located in Cranford, the prosecutor said. Clavelli allegedly had been fabricating fictitious invoices himself, and claiming that other companies were making purchases from a manufacturer, Dentsply Sirona, which is based in New York and Pennsylvania.
"The fictitious invoices, which numbered in the hundreds, resulted in Tristate receiving more than $1 million in goods from Dentsply Sirona before the alleged scheme was finally uncovered," the prosecutor said.Content retrieved from https://www.nj.com/union/2016/05/company_president_charged_with_stealin_1_mill_in_d.html
Have questions or concerns about your practice? Call us toll-free at 888-398-2327 or click HERE.