RUTLAND, Vt. (AP) - A Vermont man has been sentenced to 33 months in jail for a fraudulent coupon scheme targeting baby-food companies.
Jon Bilodeau, 44, of Rutland, pleaded guilty in October to a federal charge of fraud.
The Rutland Herald reports prosecutors said bank statements show baby-food companies were tricked into honoring over $571,000 worth of coupons Bilodeau bought at discounted values at online auctions.
Bilodeau, owner of the Sweet Revival thrift store, would pay 50 cents to 80 cents for a $1 baby formula coupon, then started a business and website purporting to sell the formula to "members."
Authorities say the name and website were a cover and the baby formula was never sold to anyone. He cashed in the coupons for about $114,000 over several years.
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