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Man pleads guilty in fraud case

Co-defendant to appear in court today

YOUNGSTOWN — Samuel J. DeCaria, one of two men connected to the Liberty Township company B&B Contractors and Developers Inc. named in a federal bill of information, pleaded guilty Tuesday in Cleveland federal court to conspiracy to commit wire fraud and wire fraud.

He and co-defendant Philip M. Beshara were named in the information for allegedly trying to obtain money from the Liberty company to enrich themselves by improperly withdrawing and diverting money from the company.

The information, filed a week ago, alleges that from March 3, 2006, through about Sept. 26, 2016, in the Northern District of Ohio, Beshara and DeCaria conspired to devise a scheme to defraud and to obtain money and property under materially false and fraudulent pretenses.

They are accused of defrauding B&B of about $1.6 million and collecting about $350,000 from inflated invoices.

Beshara is accused of having done these things to transmit writings through wire communication in interstate and foreign commerce to further the scheme, the filing alleges.

Beshara was serving as president of B&B. He allegedly would issue or cause others, including DeCaria, to issue checks drawn from B&B’s account at First National Bank. The funds were not issued as compensation for Beshara’s employment with B&B.

DeCaria, while overseeing B&B’s accounting department, managed the financial accounts and allowed, facilitated and failed to report Beshara’s fraudulent transactions, the filing states.

The filing lists the transactions taking place from 2008 through 2016 involved in the scheme. The case is assigned to Judge J. Philip Calabreze and Magistrate James E. Grimes Jr. in Cleveland, who presided over Tuesday’s hearing.

Beshara is scheduled for a similar hearing today.

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