Former Fiberdyne employees charged in conspiracy, fraud case

By WKTV News

FRANKFORT, N.Y. (WKTV) - Four men who were formerly employed at Fiberdyne Labs Inc in Frankfort have been charged following a year and a half-long criminal investigation into fraud and employee theft.

New York State Police say Matthew Paoni, 52, of Richfield Springs is the former Vice President of Professional Services for Fiberdyne and was in charge of the company's Fiber Characterization Division. He has been charged with second-degree grand larceny, fourth-degree conspiracy, first-degree scheme to defraud and first-degree falsifying business records.

Daniel Caiola, 30, of Frankfort is the former Project Manager for Fiberdyne's Fiber Characterization Division and has been charged with second-degree grand larceny, fourth-degree conspiracy, first-degree scheme to defraud and first-degree falsifying business records.

Michael Caiola, 31, of Herkimer was employed by Fiberdyne as a Fiber Characterization Technician and was charged with second-degree grand larceny, fourth-degree conspiracy, first-degree scheme to defraud, three counts of first-degree offering a false instrument for filing and petit larceny.

Authorities Ronald Scalise, 52, of Herkimer assisted these individuals in forming a separate company, Trans World Fiber Optics, which is owned and financed by Scalise.

Authorities say Trans World Optics was formed while all three were still employed by Fiberyne and mirrored Fiberdyne's Fiber Characterization Division. New York State Police say the charges were based on a criminal investigation that revealed that these employees had used their internal knowledge of Fiberdyne's fiber characterization policies, customer contacts, as well as actual Fiberdyne fiber characterization technicians to fraudulently divert business to the new company.

All four men subjects were arraigned in Herkimer County Court and were remanded to the Herkimer County Correctional Facility on $5,000 cash, $10,000 Bail Bond.

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