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Paramus Man Charged with $1M Theft from Franklin Trucking Company

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Paramus resident Mike Karapiperis has been charged with 2nd Degree Theft in connection with an overbilling scheme at a Franklin trucking company. Credits: Courtesy Somerset County Prosecutor's Office
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SOMERVILLE, NJ – A Paramus man has been arrested and charged in connection with an overbilling scheme at a Franklin trucking company that netted more than $1 million between 2012 and 2015.

Mike Karapiperis, 48, of Gettysburg Place, Paramus, has been charged with 2ndDegree Theft, according to Acting Somerset County Prosecutor Michael H. Robertson. He is being held in lieu of $75,000 bail at the Somerset County Jail.

 An investigation by the Somerset County Prosecutor’s Office Special Investigations Unit determined  Karapiperis, an employee of Roadtex Transportation in the Somerset section of Franklin, received over $1,000,000 in overbilled funds over a four-year period by arranging the cost of the freight deliveries between P & A Trucking & Roadtex Transportation, according to Robertson.

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Banking records revealed that the overbilled funds that had been charged to Roadtex were deposited into Karapiperis’s personal bank account, according to the prosecutor.

Karapiperis was arrested at his residence Monday. 

Editor's Note: This article relies on information provided by law enforcement officials and the subjects are presumed innocent. If notified of changes to the charges or their outcome, TAPinto.net will update this report.

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