Local Man Pleads Guilty to Wire Fraud
ST. LOUIS, MO—Martin Bachert pled guilty to fraud charges involving his scheme to sell equipment to an out of state buyer, receive payment but never deliver the equipment sold.
According to court documents, in November 2012, Bachert, using the alias “Martin Federoa,” told a California man, referred to in documents as “MR,” that he worked for Emerson Electric Company and that he had connections to various companies to buy electric testing equipment. MR began purchasing equipment from Bachert, and arranged wire transfer payment to Bachert’s PayPal account. In early August 2013, Bachert sold MR additional merchandise for $15,800 which MR paid via wire transfer. Bachert admitted with his plea that he never intended to provide the equipment to MR. Instead, Bachert posed as his father and communicated to MR via text message that he had been in an accident and while he was recovering in the hospital, someone broke into his van and stole the equipment he was going to sell to MR. Bachert then told MR that he was taking a job in the Ukraine and would be able to repay the money for the equipment, plus seven percent interest. However, Bachert after making even more false representations ultimately never repaid the money or delivered the equipment. Instead, Bachert used the money he obtained from MR and another victim to pay restitution to the Court at his sentencing in another case involving prior fraudulent and illegal conduct.
Bachert, 31, St. Louis, 63108, pled guilty to one felony count of wire fraud and one felony count of interstate transportation of stolen property before United States District Judge Rodney W. Sippel. Sentencing has been set for January 23, 2015.
Each count of wire fraud carries a maximum penalty of 20 years in prison and/or fines up to $250,000; each count of interstate transportation of stolen property carries a maximum of ten years prison and/or fines up to $250,000. In determining the actual sentences, a Judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges.
This case was investigated by the Federal Bureau of Investigation. Assistant United States Attorneys Anthony Franks is handling the case for the U.S. Attorney’s Office.