September 25, 2022

Pater Das

Business and General

Middlesex County Man Admits Embezzling $2.37 Million From

TRENTON, N.J.– A Middlesex County, New Jersey, guy right now admitted his purpose in a plan to embezzle $2.37 million from his employer whilst his was the company’s controller, U.S. Lawyer Philip R. Sellinger introduced.

Gerard Beauzile, 60, South Plainfield, New Jersey, pleaded guilty before Chief U.S. District Choose Freda L. Wolfson in Trenton federal court docket, an indictment charging him with 1 depend of wire fraud.

According to files submitted in the situation and statements created in court:

From 2014 by means of December 2020, Beauzile abused his place as controller of a New York-centered enterprise to embezzle funds by issuing fraudulent corporation checks to himself and then depositing those people checks into his financial institution account for his own own gain. Beauzile issued close to 140 firm checks to himself with a overall worth of $2.37 million. Beauzile hid the theft from the enterprise by falsely getting into the fraudulent checks into the company’s accounting process below a variety of organization vendor names as the payees, creating the accounting process to falsely replicate that the checks were designed payable to business suppliers in its place of to Beauzile. He also falsified vendor invoices to correspond to the entries designed in the accounting procedure, and firm bank statements by getting rid of and altering opening, operating, and closing balances, look at payment entries, summary check listings, and inter-account transfers.

The mail fraud charge carries a utmost penalty of 20 yrs in prison and a $250,000 fantastic. Sentencing is scheduled for Nov.15, 2022.

U.S. Lawyer Sellinger credited distinctive agents of the FBI, under the direction of Specific Agent in Charge Jesse Levine in Newark, with the investigation primary to today’s responsible plea. 

The federal government is represented by Assistant U.S. Legal professional Blake Coppotelli of the U.S. Attorney’s Business office Economic Crimes Unit.

Defense counsel: Laura Sayler Esq., Assistant Federal General public Defender