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Teaneck Vending Machine, Jukebox Company Owner Admits Stealing $368,783 From Pension Fund Teaneck Vending Machine, Jukebox Company Owner Admits Stealing $368,783 From Pension Fund
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…

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by Jerry DeMarco