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Hedge Funds

Ex-Hoboken Publishing Company Exec From Union County Busted By FBI Admits Embezzling $48M Ex-Hoboken Publishing Company Exec From Union County Busted By FBI Admits Embezzling $48M
Ex-Hoboken Publishing Company Exec From Union County Busted By FBI Admits Embezzling $48M Caught by the FBI, a former Hoboken publication company executive who lives in Scotch Plains struck a plea deal with the government, admitting in federal court in Newark that he embezzled $48 million. In exchange for consideration at his sentencing, Nestor Charriez, 60, pleaded guilty Monday in U.S. District Court to defrauding Harrison Scott Publications by embezzling the money for his personal use. Harrison Scott produces newsletters about real estate, hedge funds, commercial mortgages and other business-related topics. Charriez worked as a controller for the company for several yea…