A Middlesex County man was charged with embezzling over $2.3 million from a New York-based company where he had been the controller since 2001, U.S. Attorney Philip R. Sellinger announced today.
According to U.S. Attorney Sellinger, Gerard Beauzile, 61, of South Plainfield, is charged by indictment with ten counts of wire fraud.
According to documents filed in this case and statements made in court:
From 2001 through February 2021, Beauzile worked as controller, heading a New York-based company's accounting department.
On a monthly basis, from 2014 through December 2020, Beauzile issued company checks to himself and deposited those checks into his personal bank account at bank branches in New York, near his employer's headquarters.
Over the course of the scheme, Beauzile issued approximately 140 checks to himself totaling in excess of $2.3 million, which he used for his own benefit.
Beauzile hid his scheme by failing to enter some of the checks into the victim company's accounting system; causing checks to appear as though they were made payable to vendors when, in fact, Beauzile issued them to himself; changing the vendors' invoices to correspond with the accounting of those checks; and falsifying the victim company's bank account statements.