Father & Son with Morris County, NJ Business Plead Guilty to Fraud

Father and Son Admit Defrauding Investors with Morris County Cocoa Company Out of $400 Million

Fraud Attorneys Morristown NJA father and son from Morris County, NJ are going to prison after pleading guilty to federal fraud charges. The defendants in the case are Peter G. Johnson, a 69-year-old man from Harding Township, and Peter B. Johnson, his 38-year-old son from Morristown, New Jersey. The two men were executives at Transmar, a cocoa company operating out of NJ. The father served as the chief executive officer (CEO) of the business; the son was in charge of overseeing the company’s Euromar Commodities affiliates. According to the U.S. Attorney’s Office, the suspects defrauded lenders out of around $400 million.

Federal authorities learned that the two men may have been committing fraud and stealing money from investors. So, law enforcement officials launched an investigation. That investigation reportedly turned up evidence that the suspects had misrepresented the company’s finances in order to make it appear that Transmar has more credit-eligible collateral than it actually had. Based on those findings, authorities obtained arrest warrants and placed the men under arrest in August 2017.

Morris County Fraud Suspects Face Prison Time

Now the two suspects in the Transmar fraud case are headed to jail – possibly for a very long time. They avoided trial in Manhattan Federal Court by reaching a plea deal with prosecutors and pleading guilty to multiple charges: conspiracy to commit bank fraud and wire fraud. When the two suspects appear in federal court in August 2018 for an official sentencing hearing, they could be sentenced to up to 30 years in a federal penitentiary. However, it is likely that their plea deals with the US Attorney’s Office call for more lenient sentences than the maximum possible sentences.

The suspects weren’t the only ones who faced consequences for the alleged fraud. After their arrests were made and the criminal charges against them were announced, Transmar declared bankruptcy and filed for Chapter 11 protection.

Contact an Experienced Morristown Criminal Lawyer About Your Fraud Charges

Have you been accused of a fraud offense in Morristown, Harding Township, Parsippany-Troy Hills, or any other part of Morris County, New Jersey? Then you need an experienced criminal defense lawyer helping you to fight the charges and avoid the most severe penalties. Morristown criminal attorney Travis Tormey knows how to win in the courtroom and get criminal charges downgraded or dismissed altogether. Contact him today to discuss your case.

Client Reviews

  • Great lawyer

  • Simple assault charge was dropped

  • Top Notch Representation

  • Well worth it.

  • DUI Case Dismissed

  • 2 felony charges dismissed

  • Cameron bury

  • great attorney

  • Hands Down Professional and delivers results!!!

  • DUI case dismissed

  • 125 stars out of 10!!

  • Excellent at getting best outcome

  • Excellent Attorney

  • TRO Dismissal

  • Efficient Excellent attorney.

  • Excellent attorney

  • Travis successfully defended me in an unprecedented Final Restraining Order Trial with ease

  • Kick Ass Attorney!

  • Efficient and professional attorney

  • Great Lawyer And Great Results

  • Top Notch DUI Attorney

  • Client Domestic Violence

  • Restraining Order

  • A real pro in a time of need - DWI Dismissed.

  • The most experienced, patient and affordable attorney

  • Travis Tormey successfully had a False TRO against me dismissed.

  • Underaged Drinking

  • Underaged Drinking

  • DUI Dismissed

  • Saved me from a DUI. HIGHLY recommended

  • Restraining Order

  • Case dismissed with Data Driven Facts

  • Respectful. Attentive. Professional.

  • Trespassing and Under the Influence Disorderly Persons charges

  • If you are reading this- You have reached the right place! Undoubtedly, the BEST Law Firm in New Jersey!

  • Amazing attorney with a heart of gold

  • Exceeded my expectations, Highly Professional Attorney

  • Responsive and knowledgeable.

  • The Tormey law firm was very kind and professional

  • Expungement

  • Travis Tormey is a True Professional Who Kept Me Out of Jail

  • Saved me a whole ton of problems

  • Travis Tormey Review

  • A nightmare case, with a happy ending.

  • Elite NJ Marijuana Attorney! 5 Stars!!

  • An Excellent lawyer!

  • Great lawyer for DUI

  • I highly endorse Travis Tormey.

  • Travis Tormey Law Firm

  • Travis is a Lifesaver

  • Travis J. Tormey - Evaluation

  • Great Lawyer. Got me off exactly what I wanted

  • Consummate Professional!

  • Great Criminal Defense Lawyer

  • Good Service

  • Exceptional Lawyer

  • Exceptional Lawyer

  • Hired to defend me for aggravated assault

  • Hired to defend me in a restraning order

  • Excellent attorney, highly recommend his talents

  • DWI Counsel

  • I highly recommend Mr. Tormey

  • Great attorney

  • Travis Tormey, Esq. - Great Results!

  • Travis Tormey - Excellent Attorney-Kind and Trustworthy

  • Excellent Attorney-Trustworthy and Kind

  • An Outstanding lawyer!!! That will represent you in the correct way!

  • Excellent Attorney! You will not be dissapointed....

  • Travis Tormey Gets Results!

  • tormey

  • Success!!

  • Travis Tormey Review

  • Only Lawyer I Recommend

  • Very Grateful

  • Attorney review of Travis Tormey

  • Excellent

Video Library

Experience You Can Trust

With unmatched knowledge and experience in the practice of law, the seasoned attorneys at The Tormey Law Firm are committed to serving their clients and tenaciously confronting the allegations against them.

We will examine every facet of your case in order to defend your constitutional rights and reputation.

With a dedicated legal advocate to assist you, our attorneys will ensure that you are never forced to navigate the complex legal process on your own.

The Tormey Law Firm

Morristown Location

55 Madison Avenue, Suite 400, Morristown, NJ 07960

(908) 336-5008 Directions

Areas we serve

All of Morris County including Boonton, Boonton Township, Butler, Chatham Borough, Chatham Township, Chester Borough, Chester Township, Denville Township, Dover, East Hanover Township, Florham Park, Hanover Township, Harding Township, Jefferson Township, Kinnelon, Lincoln Park, Long Hill Township, Madison, Mendham Borough, Mendham Township, Mine Hill Township, Mount Arlington, Montville, Morris Plains, Morris Township, Morristown, Mount Olive Township, Mountain Lakes, Netcong, Parsippany-Troy Hills Township, Pequannock Township, Randolph, Riverdale, Rockaway Borough, Rockaway Township, Roxbury Township, Victory Gardens, Washington Township, and Wharton.

Visa-Mastercard-Amex-Discover