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U.S. Department of Housing and Urban Development Office of the Inspector General

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Ex-Newark Housing IT Chief Admits Privately Reselling $600G Worth Of Authority Cellphones, Tabs Ex-Newark Housing IT Chief Admits Privately Reselling $600G Worth Of Authority Cellphones, Tabs
Ex-Newark Housing IT Chief Admits Privately Reselling $600G Worth Of Authority Cellphones, Tabs A former IT director at the Newark Housing Authority admitted buying and then reselling cellphones and tablets with $600,000 in embezzled funds over the course of eight years, federal authorities said. Venancio Diaz, 56, of Jersey City, bought 1,509 devices in all that he activated on the NHA's account for days -- or at most weeks -- beginning back in 2013, U.S. Attorney Philip R. Sellinger said. "After the brief period of activation ended, Diaz posed as the owner of the devices and sold them to two different online electronics resale marketplaces," Sellinger said. Then he kept the money. …

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by Jerry DeMarco