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Indictment: New Jersey businessman used false records to defraud investors out of $1.5 million


NEWARK, New Jersey — Authorities say a northern New Jersey man solicited $1.5 million from 16 investors based upon false and fraudulent financial records

Federal prosecutors say 56-year-old Rostyslaw Mykytyn, of Montgomery Township, faces five counts of wire fraud. The charges were included in an indictment that was handed up Friday and made public Tuesday.

Mykytyn was the owner, president and CEO of RGM Management Co., which did business as the Campbell Co. The Washington state-based firm provided sales representative services to a company that manufactured and distributed power and cooling infrastructures for large computer spaces.

Prosecutors say Mykytyn solicited various investors for his firm, based upon false and fraudulent financial statements. He allegedly created false commission statements from a client that showed sales in excess of $4 million to make Campbell's income appear greater than it was.

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