SOUTH PLAINFIELD, NJ — A Middlesex County guy was billed with embezzling above $2.3 million from the Manhattan-dependent corporation in which he worked as a controller because 2001, U.S. Lawyer Philip Sellinger announced Monday.
Gerard Beauzile, 61, of South Plainfield, is charged by indictment with 10 counts of wire fraud. He appeared in a digital federal courtroom hearing Monday and was launched on a $200,000 unsecured bond.
U.S. lawyers explained that from 2001 by means of February 2021, Beauzile worked as controller, heading the accounting division for a New York Town-based mostly firm. The firm was not named. A controller, or comptroller, oversees a firm’s accounting, which includes revenue, payroll and fees.
Prosecutors say that on a month-to-month foundation, from 2014 via December 2020, Beauzile issued firm checks to himself. He deposited those checks into his own lender account at financial institution branches in New York, in close proximity to his employer’s headquarters.
Above the program of the plan, Beauzile issued around 140 checks to himself, totaling in excess of $2.3 million.
Beauzile hid his scheme by failing to enter some of the checks into his company’s accounting procedure, leading to checks to surface as though they have been built payable to sellers when, in simple fact, Beauzile issued them to himself.
Prosecutors say he also transformed the invoices to correspond with the accounting of those checks and falsified his company’s lender account statements.
He is dealing with a highest of 20 a long time in prison.
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