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Bergen investment swindler who lived the high life gets 56 months in federal pen

YOU READ IT HERE FIRST: John Eichner, former CFO of the North Jersey-based Harold M. Pitman Company, was sentenced to 56 months in federal prison today and ordered to pay $2.3 million in restitution for cooking expense reimbursement forms at his business so he could live the high life.

Photo Credit: Cliffview Pilot

John Eichner

Looking at a much longer stretch had he been convicted at a trial, Eichner — a Hofstra University grad from Montvale who once worked for KPMG Peat Marwick — admitted last November that he submitted a stack of reimbursement requests for luxury hotel and resort stays, meals at pricey restaurants, clothing and jewelry from, among others, Nordstrom, Coach, and Tiffany & Co.

He even got the Totowa-based graphic arts and printing supply company to wire $30,000 for cases of wine he bought at auction at Sotheby’s.

U.S. Attorney Paul J. Fishman credited special agents of the FBI and the IRS for taking down Eichner. The government is represented by Assistant U.S. Attorney Christopher J. Kelly of Fishman’s Economic Crimes Unit in Newark.

The case “was brought in coordination with President Barack Obama’s Financial Fraud Enforcement Task Force,” designed to “wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes,” Fishman said.

The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, “bring to bear a powerful array of criminal and civil enforcement resources,” the U.S. Attorney for New Jersey said.

Its goals include working to “ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes,” Fishman said.



 


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