Find Your Daily Voice
Cape May
Your Local News for Cape May County, New Jersey
Saturday, jun 15
78°
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Cape May
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Lifestyle
Politics
Sports
Traffic
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2024 Cantata Media
78°
Saturday, jun 15
Tag:
Federal Grand Jury
News
Feds: Ex-Owner, CEO 'Pilfered' $3.9M From Bergen Pharma Company To Fund Lavish Lifestyle
The former founder and CEO of a Bergen County pharmaceutical firm embezzled $3.9 million from the business to help pay credit card charges, property taxes and his kid's private school tuition, an indictment returned by a federal grand jury on Friday says. John Klein, 76, was arrested by federal agents last December. By that point, he'd been sued in federal court by several people with whom he either worked or collected investment money from at Cambridge Therapeutic Technologies in Teaneck, records show. Klein -- now of Tampa, Florida -- "looted and pilfered" the company to fund a "lavish" …