U.S. Attorney for New Jersey Philip Sellinger announced Aug. 3 that the owner of a Camden-based scrap metal company admitted to illegally obtaining more than $2 million through a multiyear wire fraud scheme.

Creed White, 64, of Freeland, Md., pleaded guilty this week in Camden federal court to an information charging him with one count of wire fraud.

Prosecutors say that from 2010 until September 2020, White used his business, American Scrap LLC, to victimize at least 13 businesses.

“White fraudulently purported to engage in the business of shipping scrap metal,” according to case documents and court statements released by prosecutors. “He obtained payments from certain victims for shipments of scrap metal that he never shipped and obtained scrap metal from certain victims and then failed to pay those victims for the materials he obtained. White’s scheme defrauded the victim companies of more than $2.1 million.”

The wire fraud charge carries a maximum penalty of 20 years in prison and a $250,000 fine, or twice the gross profits or gross loss suffered by the victims of the offense, whichever is greater.

A sentencing date has not yet been disclosed by the U.S. Attorney’s Office.

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