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South Plainfield Man Admits Embezzling $2.37 Million from his Employer While Controller of Company

South Plainfield

A Middlesex County man today admitted his role in a scheme to embezzle $2.37 million from his employer while he was the company’s controller, U.S. Attorney Philip R. Sellinger announced.

According to U.S. Attorney Sellinger, Gerard Beauzile, 60, South Plainfield, pleaded guilty to an indictment charging him with wire fraud.

According to documents filed in the case and statements made in court:

From 2014 through December 2020, Beauzile abused his position as controller of a New York-based company to embezzle funds by issuing fraudulent company checks to himself and then depositing those checks into his bank account for his own personal benefit. 

Beauzile issued approximately 140 company checks to himself with a total value of $2.37 million. 

Beauzile concealed the theft from the company by falsely entering the fraudulent checks into the company’s accounting system under various company vendor names as the payees, causing the accounting system to falsely reflect that the checks were made payable to company vendors instead of to Beauzile. 

He also falsified vendor invoices to correspond to the entries made in the accounting system and company bank statements by removing and altering opening, running, and closing balances, check payment entries, summary check listings, and inter-account transfers.

Sentencing is scheduled for November 15.