Federal prosecutors say Parris offered to sell the Veterans Administration 125 million 3M N95 masks at $6.45 per mask, and attempted to secure a $3.075 million payment upfront, knowing he had no access to those masks. Prosecutors say he attempted to make similar fraudulent sales to several organizations and managed to get $7.4 million from at least eight of them.
He was charged with wire fraud for the mask scheme in April of 2020.
Parris has now admitted to his role in both schemes.
Parris is scheduled to be sentenced in December. He faces a maximum of 20 years in prison for conspiracy for the Ponzi scheme and 30 years in prison for wire fraud in connection to a presidentially…