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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