Paramus NJ Man Allegedly Stole $1 Million from Company
A Paramus New Jersey man reached a deal with prosecutors pleaded guilty to theft offense charges after he allegedly stole more than $1 million from the Somerset company he worked for.
The suspect, a 48-year-old Paramus resident, was employed by Roadtex Transportation in Somerset, NJ. According to prosecutors, the suspect embezzled money from the business by secretly overbilling over three years.
The suspect’s tasks with the Somerset company included setting up contracts and arranging pricing for the transportation company’s trucking routes. These responsibilities afforded him the opportunity to take company funds without being noticed.
The owners of the trucking company eventually realized that funds were missing, so they reached out to law enforcement. Police detectives investigated the suspect and reportedly uncovered evidence that he was depositing company funds into his personal bank account.
The suspect was arrested and charged with theft of movable property.
The suspect managed to avoid a criminal trial in Somerset County Superior Court by reaching a plea agreement. The suspect pleaded guilty to second degree felony charges for theft.
The suspect will have to appear in court in June 2017 so that he can be sentenced in the case. He will face 5-10 years in state prison. He will also be required to pay $80,000 in restitution.
Theft of One Million Dollars Paramus NJ, Bergen County
For additional information about this case, see the NJ.com article, “N.J. Man Pleads Guilty in Alleged $1M Theft of Company Funds.”