Tuesday, May 15, 2012

Former New Jersey Executive Sentenced For Embezzling $1.3 Million

Rusty E. Spickenreuther, 46, of Franklinville, New Jersey, has been sentenced to 57 months in prison for embezzling $1.3 million from Environmental Industrial Services Corp. of New Jersey where he had been employed as controller.  According to authorities, over a 2 year period, from June 2009 through June 2011, Spickenreuther misappropriated more than 50 checks payable to the company and diverted them to his own accounts.  He had pleaded guilty last November to one count each of wire fraud, money laundering and tax fraud.  Spickenreuther must also pay full restitution.

Read the story here and here.

Read the DOJ announcement of his guilty plea here.

Read the original Information filing here.

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