Savannah, GA – GAF Materials Corporation Manager Indicted for Elaborate Wire Fraud Scheme
Savannah, GA – A former manager at GAF Materials Corporation in Savannah is facing serious federal charges for allegedly orchestrating a complex scheme to defraud the company of over $1.3 million. John Laakso, 56, of Sarasota, Florida, was indicted on four counts of wire fraud, according to an announcement today by U.S. Attorney Jill E. Steinberg.
Laakso, who also used the aliases “John Larson” and “John Trebesch,” worked first as a contractor and later as an engineering manager at GAF’s Savannah facility. His role gave him authority to procure equipment and services, a responsibility he allegedly exploited for personal gain.
The indictment paints a picture of a carefully planned operation. Between 2021 and 2023, Laakso is accused of creating a network of fictitious “pass-through” companies, concealing his ownership by assuming fake identities. He would then award contracts to these shell companies for services needed by GAF. These companies, in turn, would subcontract the work to legitimate vendors at a significantly lower cost. By inflating the prices on the invoices submitted to GAF, Laakso allegedly pocketed the difference, amounting to hundreds of thousands of dollars.
“This wasn’t a one-time occurrence,” stated U.S. Attorney Steinberg. The indictment alleges a pattern of deceptive practices where Mr. Laakso abused his position of trust at GAF for his own financial benefit. This type of white-collar crime can have serious consequences for businesses and the economy.”
The FBI conducted a thorough investigation into Laakso’s activities, uncovering the alleged web of deceit. The case is now being prosecuted by Assistant U.S. Attorneys Darron J. Hubbard and Bradford C. Patrick in the Southern District of Georgia.
If convicted on all counts, Laakso could face up to 20 years in prison per count, in addition to hefty fines, restitution to GAF, and a period of supervised release after serving any prison sentence.
Important Note: A criminal indictment contains only charges. Defendants are presumed innocent unless and until proven guilty in a court of law.
