A New Jersey man who owned moving companies has admitted cheating customers by low-balling estimates and then jacking up prices once the goods were on his trucks.
Rami Zubidat of Clifton on Wednesday pleaded guilty in federal court to conspiracy to commit wire fraud.
Prosecutors say the 31-year-old raised prices as high as 400 percent above the initial estimates throughout the course of hundreds of moves. Prosecutors say the scheme netted over $1 million.
Zubidat faces up to 20 years in prison and $250,000 fine when he’s sentenced in September.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
Carnival Cruise Passenger Served 14 Shots Awarded $300,000 After Fall Down Stairs 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
