A New York man who owned several nursing home and rehabilitation facilities entered a guilty plea to multiple charges in a Bridgeport federal court. The 71-year-old acknowledged that he stole $4.1 million from the Bridgeport Health Care Center pension plan between 2011 and 2018. He was the trustee of the pension plan, and the money was diverted to a charity that the defendant ran called Em Kol Chai. Money was also diverted directly to the defendant as well as other associates.
On Dec. 19, the owner of a book printing business in New York was arraigned on charges of embezzlement and wire fraud. The 63-year-old man was handed 10 wire fraud counts for allegedly submitting falsified invoices. In addition, he was charged with one count of embezzlement for allegedly keeping employee contributions that were supposed to be paid to a company health benefit plan.
A New York man has been charged with embezzling more than $500,000 from a religious nonprofit organization. The 55-year-old Suffolk County resident was employed by the Greek Orthodox Archdiocese of America from 1987 until his resignation in 2017. He now works as a consultant according to his attorney. The charges were announced on Nov. 25 by the U.S. Attorney's Office for the Southern District of New York.
A 48-year-old New York man faces up to five years in prison after being charged with embezzling more than $30,000 from a steelworkers union. The Chemung County resident could also be ordered to pay a $10,000 fine. The charges were announced by the U.S. Attorney's Office for the Western District of New York on Oct. 30. The man's alleged activities were discovered during an investigation conducted by the Major Crimes Task Force of the Federal Bureau of Investigation's Rochester field office.
Embezzlement may seem to you to be such a deliberate action that you may think that no one can engage in it without knowing exactly what is it that they are doing. Thus, you may feel secure in the notion that you will never face such accusations. What happens, then, when you are blindsided with accusations that you have been conspiring with ghosts?
People who work for companies and hold positions of some authority may often be in positions where they may be purchasing decisions for the business. This means they may approve the payment of money to other partners, vendors or suppliers. One man in New York is today facing accusations that he embezzled money from his employer in a scheme that was made to appear as though the company was paying a vendor.
Defenses to accusations or embezzlement may seem few and far between; indeed, many come to us here at Sapone & Petrillo, LLP having been accused of this crime convinced that their guilt is assumed. Yet even in cases where a prosecutor claims to have evidence of you using your company's funds to finance your own separate endeavors does not necessarily mean that you have embezzled that money. Rather, in cases where government entities were involved in a case, the possibility of entrapment is ever present.
Whether you have a small business in New York or are an executive in a large corporation, the world of finance is complex, and missteps can be devastating. Unless you are a finance expert, small decisions that seem inconsequential at the time can result in an illegal action. At Sapone & Petrillo, LLP, our experienced attorneys often defend clients from embezzlement charges.
People who live in New York and who are involved in the financial services industry know that theirs is a highly watched and regulated sector of business. While this is certainly understandable, given that professionals are in charge of other people's money, it can also provide unique challenges for banking financial services professionals as their every move may be under scrutiny.
Embezzlement charges can give rise to a plethora of challenges, such as anxiety over heading to court, financial penalties and even time behind bars. With that said, these allegations can disrupt someone's life in many other ways. For example, someone who is accused of embezzlement in New York may find that the accusations disrupt their career in many ways. They may find themselves out of work after allegations of embezzlement arise, and they may even be unable to secure a position in their field later on. For these reasons, it is important for those accused of embezzlement to examine their legal options carefully.