President of bogus trucking company pleads guilty to wire fraud

November 2019

Land Line Staff

|

A Baltimore man has pleaded guilty to federal charges of wire fraud stemming from a conspiracy to bilk brokers by posing as a legitimate trucking company.

William Francis Hickey III entered a guilty plea to charges of wire fraud and conspiracy to commit wire fraud on Sept. 27 in federal court in Maryland.

According to prosecutors, Hickey deposited over 1,000 truck industry checks worth $1.17 million into his business bank accounts. He faces a maximum sentence of 20 years in federal prison for the conspiracy and for the wire fraud.

According to his plea agreement, Hickey was the managing member of Hickey Consulting LLC and president of Latino Consulting LLC, both headquartered in Baltimore. Hickey maintained bank accounts in the names of both companies, which he used to deposit checks fraudulently obtained by his co-conspirators.

From May 2016 through Jan. 31, 2019, Hickey conspired with others, including a co-conspirator in Pakistan, to devise and execute a scheme to defraud trucking companies and logistical brokers hired by shippers to arrange for trucking companies to transport their loads, according to charges filed by the Maryland U.S. Attorney’s Office.

In the plea agreement, Hickey admitted that he and his co-conspirators obtained truck industry checks from brokers by posing as legitimate trucking companies; entering into agreements with brokers to transport loads; re-brokering, or “double brokering,” the same load to an actual trucking company; and then seeking payment from the brokers for transportation services that the members of the conspiracy did not provide. LL