Security Camera Company CEO Charged in $35 Million Fraud Scheme

A New Jersey chief executive officer has been charged with three counts of wire fraud and one count of making false statements in connection to a $35 million fraud scheme, according to the Justice Department on Thursday.

Tamer Zakhary, owner of a security camera and equipment company, sold millions of dollars worth of surveillance cameras and equipment to New Jersey public safety and law enforcement agencies, DOJ said.

Zakhary allegedly fraudulently misrepresented that these products were in compliant with Section 889 of the National Defense Authorization Act, which prohibits the federal government from obtaining video surveillance and telecommunications equipment ...