Subscribe
91°
Teaneck Vending Machine, Jukebox Company Owner Admits Stealing $368,783 From Pension Fund
A well-known Teaneck businessman whose vending machine and jukebox company paid five figures last year to settle a copyright infringement suit admitted Wednesday in federal court in Newark that he embezzled $368,783 from the business' employee pension fund.
Howard Preschel, 63, founded and served as the trustee for the pension fund established by CMG Vending Inc., which operated, leased, and rented vending machines throughout New Jersey and New York, U.S. Attorney Craig Carpenito said.
He began skimming the money from the fund as early as November 2010, and by April 201…
Payroll Clerk Gets 18 Months For Helping Con Clifton Trucking Company Out Of $920,000
A now-former payroll clerk was sentenced to 18 months in federal prison on Monday for helping con a Clifton trucking company out of $920,380.
Lisa Popewiny, 56, also of Clifton, admitted her guilt last September, joining three brothers who also accepted deal from the government rather than face a jury in U.S. District Court in Newark.
Like Popewiny, Miguel Vidal, Angel D. Vidal, and Angel Gabriel Vidal previously pleaded guilty to similar charges for their roles in the scheme -- and, in doing so, agreed to testify against her if she took the case to trial.
The brothers admitted they allowe…