Northvale NJ Couple Pleads Guilty to Embezzlement, Stealing $160K from Health Care Fund
A Northvale NJ couple recently entered guilty pleas on embezzlement charges in federal court.
According to officials, the two suspects fleeced the government out of thousands of dollars while defrauding a union health care benefit program.
The suspects committed the fraud while in a position of power over the United International Brotherhood of All Trades, Technologies, Service, Administration and Medical Workers Union. The suspects ran the organization and sponsored a fund that provided health coverage to group members who signed up on the Internet.
Between 2009 and 2011, the suspects allegedly embezzled $160K from the union fund.
Had the case gone to trial, U.S. prosecutors were prepared to argue that the suspects stole the money and then used it to pay for their mortgages, as well as cruises and other costly vacations.
Now the suspects face severe penalties after appearing in federal court in Newark NJ and pleading guilty to charges of embezzlement.
The suspects will be required to make another appearance in U.S. District Court in Newark in February 2016 for official sentencing.
To learn more about this case, read the NJ.com article entitled “Bergen Couple Admits Stealing More Than $150K from Healthcare Fund.”