For some reason, as often as I report on white collar crime, I always seem to find myself amazed at where the crime originates from. In this case, the Allen based company that provides telephone and internet services – Sage Telecom – found itself the losing end of a white collar crime scam.
Seems that William Chad Mercer – also known as Bryson Mercer – between March 2004 through November 2005, submitted false invoices to Sage Telecom representing that temporary employment services totaling $5,130,407.48 had been provided when they had not. Mr. Mercer wrote invoices for temporary employment and other employee services. He was authorized to approve payments for the company and made payments to a fake companies he created.
A federal indictment charging Mercer with 10 counts of mail fraud was returned by a federal grand jury on May 10, 2007. Mercer remained a fugitive until he was arrested in August 2007.
Mercer, age 36, from Plano, Texas was sentenced to 78 months in federal prison for mail fraud violations and was also ordered to pay over $2.4 million in restitution and to forfeit almost $2.7 million.
Every choice has a consequence. As a white collar crime and business ethics speaker, I speak from first hand experience about the truth about consequences. Reality is – no one escapes the consequences of their choices. While Mercer avoided the consequences for a time – he did not avoid the consequences all together. Prison is no fun and will prove to be a dramatic change from his prior activities. You do reap what you sow.
If anyone reading has any background on Mercer – feel free to comment as I study the behaviors and backgrounds of those convicted of white collar crime.
White Collar Crime Speaker – Chuck Gallagher – signing off…