Wednesday, May 16, 2012

New Jersey Man Sentenced For Embezzling Nearly $175K

Joseph R. Algoo, 39, of Monroe, Oregon, has been sentenced to 21 months in prison for embezzling nearly $175,000 from Dynamex Corp. where he had been employed as a regional manager.   According to authorities, over a period of about 2 years, from 2007 to 2008, Algoo siphoned a portion of inflated vendor invoices for his own benefit by manipulating the company's internal computer systems.  He has also been ordered to pay $174,285 in restitution as well as about $100,000 to the IRS for back taxes and penalties on the ill-gotten income.

Read the story here and here.

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