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. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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