The head of a Newport Beach-based consulting firm has been arrested and charged with wire fraud and identity theft, the FBI’s San Francisco division and U.S. Attorney’s Office jointly announced on Tuesday.
Quin Rudin, who also goes by the names Dean Rubin and David Rubin, allegedly used his company, CGC Digital, to set up an equipment leasing deal with Cisco Systems Inc. on behalf of Altura Pharmaceuticals Inc., a medical packaging company based in Santa Fe Springs.
Rudin forged documents, established a false Internet domain and sent e-mails to San Jose-based Cisco in obtaining $2 million from the company to finance and install equipment on behalf of Altura, according to court documents.
The FBI contends Rudin did not intend to lease any Cisco equipment, misrepresented himself as the Altura finance chief to approve the expense, and used the phony domain registrar to send emails to Cisco to approve financing payments.
Court records show that CGC has worked with Cisco since 2011. Cisco is the world’s largest networking equipment and system maker with some $46 billion in annual sales.
A message left for Rudin at CGC by the Business Journal was not immediately returned.
The company, which offers financing, technology, and sales and marketing services among others, also works with Boeing, Microsoft and Oracle, according to its website.
The FBI arrested Rudin in San Diego on February 26.
He will remain in custody there until he is transferred to San Francisco to face charges.
The maximum penalty for each of the two wire fraud charges is 20 years in prison, a $250,000 fine or twice the gross gain or loss, plus restitution, if warranted. The maximum penalty for aggravated identity theft is two years in prison, imposed consecutively to any wire fraud charges.