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Owners of Metuchen Bail Bond Charged with Money Laundering, Insurance Fraud

By kcora on
Metuchen

Middlesex County Prosecutor Andrew C. Carey announced today that the owners of a bail bond company have been arrested and charged with money laundering and insurance fraud.

 

According to authorities, Larry D. Embry, 56, and Kelley E. Embry, 54, of Piscataway, who  co-owned the Road Runner Bail Bonds LLC in Metuchen, were arrested on December 12, 2017 and charged with various counts in an attempt to cover up the use of illegitimate monies as a bail source for a defendant charged with multiple drug and firearms offenses. The crimes occurred prior to the implementation of criminal justice reform.

 

Police charged Larry Embry with money laundering in the third degree, tampering with physical evidence in the fourth degree, perjury in the third degree, misconduct by a corporate official in the second degree, insurance fraud in the second degree, conspiracy to commit insurance fraud in the second degree, conspiracy to commit money laundering in the third degree, and conspiracy to commit misconduct by a corporate official in the second degree.

 

Police charged Kelley Embry has been charged with tampering with physical evidence in the fourth degree, misconduct of a corporate official in the second degree, conspiracy to commit misconduct of a corporate official in the second degree, insurance fraud in the second degree, conspiracy to commit insurance fraud in the second degree, and perjury in the fourth degree.

During today’s detention hearing at Middlesex County Superior Court, Middlesex County Assistant Prosecutor Tzvi Dolinger argued that the defendant should be detained in jail pending trial.  While a fugitive from justice, Mr. Embry was aware that there was a warrant for his arrest, yet he avoided apprehension.

The judge however, did not find defendant to be a significant enough risk of flight or danger to the community to detain him, nor did he find that Embry’s release would pose a risk that he would attempt to obstruct justice. The defendant was then released from custody back into the community. Kelley Embry had previously been released after being charged on a warrant. The defendants are scheduled to appear in court on January 23, 2018. 

The couple was charged following an investigation by Detective Michael A. Carullo of the Edison Police Department.

 

During the investigation, it was determined that on September 26, 2016 as a licensed insurance agent, Larry and Kelley Embry falsify certified the identity of the finances used to secure the release of Jamie Monroe in an attempt to cover up the use of monies derived from criminal activity.

 

In a separate complaint, Jamie Monroe, 39, of East Brunswick, was charged with money laundering in the third degree. His girlfriend, Kimberly Morgenbesser, 25, of Jackson who arranged the fraudulent financial backing for the bond, has also been charged with money laundering, perjury, tampering with physical evidence, and conspiracy to commit money laundering.

 

The investigation is active and continuing. Anyone with information is asked to call Michael A. Carullo of the Edison Police Department at (732) 248-7400. 

 

As is the case with all criminal defendants, the charges against Larry and Kelley Embry, Jamie Monroe, and Kimberly Morgenbesser are merely accusations and they are presumed innocent until proven guilty.