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Chip Broker Sentenced After Supplying Falsely Remarked Computer Chips to U.S. Military

01/22/2016

On January 21, 2016, Warga was sentenced by U.S. District Judge Michael P. Shea in Hartford to three years of probation and was ordered to pay a $10,000.00 fine for supplying customers with falsely remarked microprocessor chips, many of which were used in the assembly of U.S. military and commercial helicopters.  T

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Jeff Krantz Avoids Jail Term

Kristal Snider
12/10/2015

On July 28, 2015, after an extensive, multi-year investigation involving the Defense Criminal Investigative Service (DCIS) and the U.S. Department of Transportation, Office of Inspector General, Jeff Krantz pleaded guilty to supplying falsely remarked Intel microprocessor chips, many of which were used in U.S. military and commercial helicopters.

Krantz, who pleaded guilty to one count of wire fraud, was sentenced on December 10, 2015 to three years' probation and fined $100,000.00. He was also ordered to pay $402,650.00 in restitution.

As part of his guilty plea Krantz agreed to a two-year ban on the purchase or sale of electronic parts. He also forfeits all direct or indirect control over his company, Harry Krantz LLC, authorities said.                


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New York Man Admits Supplying Falsely Remarked Computer Chips Used in U.S. Military Helicopters

Kristal Snider
07/29/2015

On Tuesday July 28, 2015 the Department of Justice announced that Jeff Krantz, the former CEO of Harry Krantz LLC, entered a guilty plea to supplying customers with falsely remarked microprocessor chips.

A copy of the DOJ press release and a response from The Harry Krantz Company is included below.

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