Former CFO Of New Jersey Orthopedic Clinic Pleads Guilty To $1M Embezzlement Charge

Avatar

Acting U.S. Attorney William E. Fitzpatrick announced Wednesday the former chief financial officer of an orthopedic care provider pleaded guilty to defrauding employer out of more than $1 million.

Judge And JurySeventy-year-old Harry Wolfmuller formerly of Belmar, New Jersey was the CFO of a company that offers orthopedic services from 2007 through 2015. The company has offices in Monmouth And Ocean Counties. As part of his job, Wolfmuller controlled the company’s financial records and bank accounts, according to court documents.

Wolfmuller cashed checks from the company’s bank accounts to pay for a variety of unapproved expenses, including golf, lottery tickets, meals at restaurants and gambling. To avoid detection, he would misrepresent the purpose of these transactions in the company’s account records to make them look legitimate. The fraudulent transaction resulted in the company losing about $1,175,720.

Wolfmuller faces a maximum 20-year prison term and a $250,000 fine. As part of the plea, he will be required to pay $1,175,720 in restitution. His sentencing hearing is scheduled for March 13, 2018.

Total
0
Shares
Leave a Reply
Previous Post

Owner Of Santos & Associates Sentenced To 13 Month In Prison For Tax Fraud

Next Post

Howard County Police Arrest 11 Intoxicated Motorists Overnight

Related Posts