The manager of a Wayne NJ hotel was recently indicted by a New Jersey state grand jury on theft charges.
The suspect is a 43-year-old man who lives in Cliffside Park and worked as a hotel manager in Wayne, NJ. According to NJ prosecutors, the suspect stole more than $1 million from his employers at the Fairbridge Inn in Wayne, New Jersey. The suspect s money laundering scheme reportedly got him $1,090,385 that belonged to his boss.
Additionally, the suspect allegedly took $600K from an annuity that also belonged to his boss.
The stolen funds were reportedly used by the suspect to purchase real estate in Englewood Cliffs, NJ. According to authorities, he later sold the property for a substantial profit.
The suspect s employer notified Prudential of the possible theft in December 2015 after noticing that the annuity was emptied. The insurance company then alerted law enforcement, prompting the Office of Insurance Fraud Protection to launch an investigation.
Now the suspect could be headed to trial after a grand jury indicted him on the very serious criminal charges.
If the suspect is ultimately convicted, he could wind up behind bars for a long time.
For more information about this case, read the NJ.com article, “N.J. Hotel Manager Stole More Than $1 Million from Boss, Officials Say.”