Wednesday, November 10, 2010
Former New Jersey CFO Pleads Guilty To $2 Million Embezzlement
John A. Eichner, 49, of Montvale, New Jersey pleaded guilty yesterday to wire fraud and tax evasion charges in connection with the alleged embezzlement of some $2 million from the Harold M. Pitman Company, where he had served as Executive Vice President and Chief Financial Officer. According to prosecutors, Eichner falsified expense reports over a period of six years from 2003 through 2009. Authorities also alleged that Eichner caused wire transfers of company funds to pay for personal expenses and luxury travel and goods, including $30,000 for cases of wine purchased through the Southeby's auction house.