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Ramsey Man Admits Embezzling $516,000 From Ridgefield Park Security Firm
A Ramsey man who worked at a Ridgefield Park security systems firm told a federal judge that he and an accomplice diverted $516,000 of the company’s money to spend on themselves.
Joseph Spaccavento, 41, was an accounts payable manager and assistant controller at the firm, which developed hardware and software for video surveillance, federal authorities said.
His accomplice, Melissa Corso, coordinated the collection of customer payments and applied them to invoices, they said.
For more than 5 ½ years, the two diverted customer payments to themselves, Spaccavento admitted during a videoconfe…
Chiseler Admits Taking $350K From Elderly Morris Patient's Trust For Meals, Movies, Hotel, More
A South Jersey man admitted stealing more than $350,000 from a trust for an elderly special needs patient living in a Morris County long-term care facility.
After convincing the victim’s mother to give him power of attorney, Eugene Young, 69, of Mount Holly used a trust debit card more than 650 times at restaurants, movie theaters, hotels, car washes, gas stations and grocery stores, Acting U.S. Attorney Rachel A. Honig said.
The trust, which had more than $1 million in two bank accounts when Young got control of it, was established to provide for the supplemental care, maintenance, support…
