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Baltimore man indicted in $1.6 million wire fraud scheme

A Baltimore man has been indicted in a $1.6 million wire fraud scheme, federal prosecutors said.

A Baltimore man has been indicted in an alleged scheme to steal $1.6 million from three companies he worked for as chief financial officer since 2008, federal prosecutors said.

Christopher C. Camut, 52, is charged with conspiring to commit wire fraud, 13 counts of wire fraud, and two counts of aggravated identity theft, according to the indictment unsealed Thursday.

Camut is charged with faking invoices from banks, then issuing checks from his companies to the banks and depositing them instead into his personal account, the U.S. Attorney's Office in Maryland said.

The companies were not named but are all medical companies — one of which is a non-profit that provides HIV medication to women in developing countries, prosecutors said.

Camut is also accused of falsely representing the profession of a co-conspirator, Kaitlyn Jones, to whom he wired money and issued checks, although she did not work for the companies, prosecutors said. The two then shared the money, prosecutors said.

The indictment seeks forfeiture from Camut of at least $1.6 million, the amount allegedly stolen from the companies.

He faces a maximum sentence of 20 years in prison for the conspiracy charge and for each of 13 counts of wire fraud. The two counts of aggravated identity theft carry a sentence of at least two years in prison, consecutive to any other sentence imposed.

Jones, 48, of Reisterstown, pleaded guilty to her participation in the conspiracy and awaits sentencing, prosecutors said.

A woman who answered the phone at Camut's home declined to comment Thursday night.

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