By Mike Barajas – A computer re-sale scheme reportedly cost Hewlett Packard millions of dollars. Now the man accused of being the mastermind behind the scheme has been indicted in Houston.
Mark Allan James, a British man is accused of defrauding Hewlett Packard of more than 10-million dollars with an elaborate plan to buy and re-sell computer equipment.
Prosecutors says James recruited business owners to pose as individuals who were interested in buying large amounts of equipment from H-P.
Since the company thought it was making sales to businesses that would continue buying its products, it provided the buyers huge discounts.
But apparently there was not a lot of repeat business for the computer giant because investigators say James took the equipment that had been deeply discounted and resold it at a considerable profit.
Indicted in Houston, James now faces one count of conspiracy to commit mail and wire fraud and one count of conspiracy to commit international money laundering.