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.
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.