Men plead guilty to scamming ABQ company

ALBUQUERQUE (KRQE) – Two men have pleaded guilty in a scheme that defrauded Kinesio, an Albuquerque-based company, out of $4.3 million.

Johannes Jarvis and John Hope, each entered a guilty plea to 22 counts of conspiracy to commit wire fraud.

Jarvis was the marketing director for Kinesio, a company that makes elastic tape used by Olympians and other athletes around the world.

The feds say Jarvis and Hope, created a Chinese company to act as middle-man between Kinesio and its tape manufacturer.

The two overcharged Kinesio and kept more than $1 million for themselves.

The indictment says they used some of the money for booze and prostitutes.

Each face 20 years in federal prison when they are sentenced.

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