WICHITA, Kan. (AP) A former executive of a Kansas high-tech company has been charged with defrauding the United States by creating false invoices on government contracts to help the struggling firm.
Aaron Madison was executive vice president and chief operating officer of Manhattan-based NanoScale, a small company that makes advanced chemistry products. Prosecutors filed a criminal information Monday in federal court in Wichita charging Madison with wire fraud.
Prosecutors say 90 percent of the firm’s business came from government contracts, most with the Defense Department.
The government alleges that between 2009 and 2011 Madison manipulated contract costs. Prosecutors also contend he falsified invoices to meet payroll and other costs when NanoScale owed creditors more than $500,000.
Madison did not immediately return a phone message Monday. NanoScale declined comment.
