Tuesday, September 21, 2010

2 NJ Union Officials Arrested On Charges They Embezzled $375K

Stephen P. Arena, 55, of Nesconset, New York, and David J. Caivano, 55, of Bloomfield, New Jersey, were arrested today on charges they embezzled $375,000 from Local 148 of the Production Workers Union where they had served as president and secretary-treasurer, respectively. According to authorities, Arena and Caivano enhanced their pay by giving themselves unauthorized salary increases, bonuses, and paid vacations. A 29 count indictment against the two men was unsealed today which alleged that the scheme spanned a four and a half year period, from July 2005 through December 2009.

Read the story here, here, here and here.

Update (6/1/12): Arena has pleaded guilty to one felony fraud count and has been ordered to pay $110,000 in restitution.  He is scheduled to be sentenced on October 2, 2012.

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