Paramus NJ Man Pleads Guilty to Embezzling $1 Million
A Paramus NJ man recently pleaded guilty to theft charges after reportedly stealing more than $1 million from a Somerset business.
The suspect is a 48-year-old resident of Paramus, New Jersey. He worked for Roadtex Transportation in Somerset NJ and allegedly embezzled money from the company by overbilling over a period of three years.
The suspect’s job with the Somerset business was to arrange contracts and price the company’s trucking routes. This gave him easy access to company funds.
The business owners eventually discovered the theft and notified law enforcement officials. Investigators then determined that the suspect had been depositing the stolen funds into a personal bank account.
Police later arrested the suspect and charged him with theft of movable property.
The suspect ultimately avoided trial in Somerset County Superior Court by reaching a plea deal with prosecutors. In exchange for the suspect pleading guilty to second degree theft charges, prosecutors agreed to recommend a light sentence.
When the suspect returns to court in June, he could be sentenced to 5-10 years in New Jersey State Prison. Additionally, the suspect is going to be required to pay $80K in restitution to the victimized company.
To learn more about this case, go to the NJ.com article, “N.J. Man Pleads Guilty in Alleged $1M Theft of Company Funds.”