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Probation for convicted exec

By The Mercury

A former executive of a Manhattan high-tech company has been given probation for defrauding the United States by creating false invoices on government contracts.

Aaron Madison was executive vice president and chief operating officer of NanoScale, a small company that makes advanced chemistry products. He pleaded guilty earlier to wire fraud.

The U.S. attorney’s office announced Thursday that Madison had been sentenced to two years of probation and ordered to pay slightly more than $17,211 in restitution.

Federal prosecutors said 90 percent of NanoScale’s business came from government contracts, most with the Defense Department. Madison was accused of manipulating contract costs between 2009 and 2011 and falsifying invoices to the government to help the company meet payroll and other expenses.

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