A Philly man who previously served as the bookkeeper for a business located in Florham Park, New Jersey was recently indicted on federal charges for embezzlement.
The suspect is a 54-year-old man from Philadelphia, Pennsylvania. He used to work as the bookkeeper for QwikSource, a Florham Park NJ company that provided cellular solutions.
According to federal prosecutors, the suspect embezzled money out of the QwikSource bank account and deposited the cash into an unauthorized PayPal account that he established under his employer’s name. The embezzlement reportedly occurred over a 10-year period.
Law enforcement officials investigated the suspect and determined that he may have stolen $1.6 million from the company.
The suspect was eventually placed under arrest and charged with wire fraud, money laundering, aggravated identity theft, filing false income tax returns.
Now the suspect could be headed to trial in U.S. District Court after a grand jury indicted him on the criminal charges.
For additional information about this case, read the NJ.com article, “Bookkeeper Used PayPal to Embezzle $1.6M from Employer, Feds Say.”