CAMDEN — A man who sold counterfeit computer parts and ran a money laundering scheme was sentenced to a year in prison Friday, authorities said.
Ronald Graban, 58, of Columbus, Burlington County, pleaded guilty in 2012 to charges of mail fraud and money laundering. He was sentenced in Camden federal court, according to the U.S. Attorney’s Office.
Starting in 2000, Graban bought and resold computer parts through various companies he had created, including RPR International LLC, Graham Enterprises International, Innovative Technology Group, MT Loveland Corp., Golden Eagle Property Management, Andy Lee Inc. and Andy Lee Electronics.
In late 2004, Graban began acquiring network connecting parts from GigaLight Electronic in China. The pieces were identical to Cisco Systems and Nortel Networks parts, but were counterfeits, something Graban became aware of in 2006, authorities said.
That was after U.S. Customs and Board Protection agents seized shipments of computer parts from GigaLight, and moved to notify U.S. customers that the profits were counterfeit, according to the U.S. Attorney’s Office. Still, authorities said, Graban continued to purchase the parts between 2006 and 2007, and sold them to an online retailer.
In early 2006, Graban received a check for $163,000, a payment for counterfeit parts he sold, authorities said. He then deposited that check into the bank account of a different company.
In 2007, $890,000 was seized from various accounts associated with Graban’s companies, as well as two properties in Florida that later went into foreclosure, according to the U.S. Attorney’s Office.
He agreed to forfeit the funds seized as well profits from the two foreclosure sales, which total around $40,000.
Graban must also serve a year of supervised release and pay a fine of $60,000 as well as restitution in the amount of $927,193.