Jared Wheat and his company, Hi-Tech Pharmaceuticals, have been convicted by a federal jury of wire fraud for forging documents that misled clients into believing the dietary supplement firm was compliant with good manufacturing practices (GMPs). The Georgia-based company was found guilty after a six-week trial of laundering millions of dollars derived from the fraudulent scheme.
According to US Attorney Theodore Hertzberg, Wheat, who had two prior federal felony convictions, once again chose profits over product quality and consumer safety. He did so by fabricating documents to falsely indicate that an independent third-party audit firm had certified Hi-Tech Pharma as compliant with industry manufacturing standards. This deception helped the company secure millions of dollars from clients who relied on these forged documents.
