Posted: May 15, 2014 11:59 AM
Updated: May 15, 2014 12:00 PM
HOUSTON (AP) A 47-year-old man federal prosecutors describe as a United Kingdom citizen has been convicted of participating in a conspiracy to defraud computer maker Hewlett-Packard of some $14 million by fraudulently purchasing computers and equipment at a discount.
A Houston federal court jury deliberated about five hours before returning a verdict Thursday against Mark Allan James.
James was accused of recruiting businesses around the world over a 2 -year-period ending in November 2011 to buy computing products and falsely represented the purchases under an HP discount plan offered to large-volume purchasers. The equipment wound up being diverted for resale.
Evidence at the seven-day trial showed an HP security team helped in the investigation, which included an undercover buy.
James faces multiple 20-year prison terms and multiple fines as much as $500,000.