CAMDEN, N.J. (AP) — Federal prosecutors say a New Jersey postal service worker has admitted to his role in a fraud scheme involving dozens of stolen blank money orders.
Marc Saunders pleaded guilty Tuesday. The 39-year-old Sicklerville man faces up to five years in prison when he's sentenced March 20.
Saunders admitted to stealing a money order imprinting machine and more than 100 money orders while working as a letter carrier at the post office in New Lisbon. He used the machine to produce completed money orders that appeared legitimate and gave them to other conspirators he recruited.
The conspirators then recruited other people to cash the money orders for a small fee, with Saunders and the conspirators keeping the rest of the money.
Prosecutors say the scheme resulted in nearly $100,000 in losses.