June 12, 2024

Former CEO of Illinois Computer Services Firm Sentenced to 13 Years in Federal Prison for Orchestrating $9 Million Fraud Schemes | USAO-NDIL

CHICAGO — The former Main Government Officer of an Illinois personal computer solutions organization has been sentenced to 13 many years in federal jail for orchestrating fraud schemes that bilked a world telecommunications provider and two financial businesses out of a blended $9 million.

DAVID GODWIN, 59, of Germantown Hills, Sick., pleaded guilty in 2018 to a wire fraud cost.  U.S. District Judge Edmond E. Chang imposed the jail sentence Thursday right after a hearing in federal courtroom in Chicago.

The sentence was declared by John R. Lausch, Jr., United States Lawyer for the Northern District of Illinois and Emmerson Buie, Jr., Exclusive Agent-in-Demand of the Chicago Subject Office of the FBI.  The U.S. Securities and Exchange Commission delivered worthwhile assistance.  The government is represented by Assistant U.S. Lawyers Steven J. Dollear and John D. Mitchell.

Godwin served as CEO of ContinuityX Answers Inc., a computer system-services enterprise centered in Metamora, Ill.  From 2011 to 2013, Godwin orchestrated fraud techniques that bilked the world-wide telecommunications service provider out of far more than $3 million and two fiscal firms out of $6 million.

In the initially section of the scheme, Godwin and ContinuityX’s Main Fiscal Officer, ANTHONY ROTH, designed bogus documentation to fraudulently inflate the money problem of businesses they had approached to obtain companies from the world wide telecommunications service provider, producing the international agency to approve the revenue and pay out ContinuityX thousands and thousands in commissions for getting procured new clients.  To even further the plan, Godwin and a ContinuityX profits agent, JOHN COLETTI, arranged conference calls in which Coletti fraudulently posed as an personnel of the international provider.

In the 2nd stage of the plan, Godwin labored with Coletti to fraudulently acquire $6 million from a factoring agreement with the two victim financing companies.  Godwin secured the settlement right after publishing untrue documentation proclaiming that a China-centered firm owed ContinuityX $8 million for each thirty day period in receivables.  Godwin and Coletti organized conference calls in which Coletti fraudulently posed as an employee of the China-centered enterprise to falsely guarantee the two target firms that the accounts receivables have been legitimate and that payment of the receivables was forthcoming.

Roth, of Upton, Mass., pleaded responsible to wire fraud and is scheduled to be sentenced on Dec. 7, 2021, at 1:00 p.m.

Coletti, of Canyon State, Calif., pleaded responsible to a false assertion demand and was sentenced in 2019 to two and a fifty percent years in federal prison.