Monday, December 6, 2010
2 Illinois Men Charged With $1.1 Million Embezzlement Scheme
Harvey Cruz, 46, of Plainfield, Illinois and James Lurito, 63, of Algonquin, Illinois, were arrested last week and charged with embezzling approximately $1.1 million from the Million Dollar Round Table insurance association where Cruz had served as IT manager. According to authorities, Cruz recruited Lurito, who controlled an independent IT consulting firm, to submit phony invoices which Cruz approved. Lurito then kept 10 percent and kicked back 90 percent to Cruz. The scheme reportedly spanned a six year period from 2003 until 2009.
Hat tip: Reader Joe.