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Pension Fraud

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NJ Police Officer’s Widow Kept Collecting Survivor Payout After Remarrying, Indictment Charges NJ Police Officer’s Widow Kept Collecting Survivor Payout After Remarrying, Indictment Charges
NJ Police Officer’s Widow Kept Collecting Survivor Payout After Remarrying, Indictment Charges The widow of a New Jersey police officer continued collecting more than $268,000 in pension benefits for nearly a decade after she remarried, state authorities charged. Sandra VonScheven, 44, of Hamilton began collecting spousal survivor benefits in 2001 from the pension of her deceased husband, who’d been a retired municipal police officer, state Attorney General Gurbir S. Grewal said. Surviving spouses are entitled to the benefit under the Police and Firemen’s Retirement System. Survivor benefits continue for life or until that person remarries. The state Division of Pensions and Benefi…

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by Jerry DeMarco
Police & Fire
Teaneck Vending Machine/Jukebox Company Owner Stole $186,000 From Pension Fund, Feds Charge Teaneck Vending Machine/Jukebox Company Owner Stole $186,000 From Pension Fund, Feds Charge
Teaneck Vending Machine/Jukebox Company Owner Stole $186,000 From Pension Fund, Feds Charge A well-known Teaneck businessman whose vending machine and jukebox company paid five figures last year year to settle a copyright suit embezzled $186,123 from his employees’ pension fund, a federal indictment alleges. A U.S. District Court judge ordered Howard Preschel, 62, remain free on $100,000 unsecured bond after he surrendered to federal authorities on Tuesday, U.S. Attorney for New Jersey Craig Carpenito said. Preschel served as a trustee for the pension trust fund created by CMG Vending Inc., which operated, leased, and rented vending machines throughout New Jersey an…

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by Jerry DeMarco