Former President Of Linens Supply Company Pleads Guilty To $245K Fraud

Acting U.S. Attorney William E. Fitzpatrick announced Thursday a New Jersey man pleaded guilty to defrauding employer of $245,000.

Sixty-two-year-old Michael A. Vicchairelli of Sewell was employed as a president of a linens supply company, which provided him with a corporate credit card. He made several unauthorized purchases utilizing that credit card between January 2012 and August 2014.

Judge And JuryVicchairelli utilized the credit card to pay for auto repairs, meals at restaurants, escorts and services at gentleman’s lounges. He then submitted reimbursement claims for those expenses, according to court documents.

To avoid detection, Vicchairelli instructed other company employees to hide the charges by coding them as business expenses within the company’s ledger system. The charges were coded as toll, delivery and maintenance expenses.

Vicchairelli received approximately $245,000 in unauthorized payments and reimbursement from the victim company. He faces a maximum 20-year prison sentence and $250,000 fine. His sentencing hearing is scheduled for January 22, 2018.

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