Friday, December 5, 2008

New Jersey Man Pleads Guilty To Embezzlement, Fraud

Jesus A. Rincon, 43, of West New York, New Jersey, pleaded guilty today to charges that he embezzled some $1.1 million from his employer, Philips Accessories and Computer Peripherals of Ledgewood, New Jersey. According to prosecutors, Rincon devised a scheme whereby he would submit fake temporary employee time cards to Brickforce Staffing, who in turn sent invoices to Philips and Rincon the paychecks. Rincon plead guilty to conspiracy to commit mail fraud and tax evasion and faces up to 5 years in prison plus a fine of $250,000 and restitution. Rincon was arrested in July 2007 with with Gino Silva, 41, of Union, New Jersey, who was also an employee of Philips involved in the scheme. Silva previously pleaded guilty to similar charges.

Read the story here.

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