Howell Man Embezzled $660K From Construction Company: Prosecutor

FREEHOLD, NJ — A Howell Township man who is the chief financial officer at a Wall Township construction company is accused of stealing more than $660,000 from the company, the Monmouth County prosecutor's office said Wednesday.

Kenneth Schwarz, 69, was charged Monday with second-degree theft and fourth-degree falsifying records following a joint investigation by the Monmouth County Prosecutor’s Office and Wall Township Police Department, Prosecutor Christopher Gramiccioni said. He had been a 25-year employee of the company, Gramiccioni said.

Investigators found that between January 2016 and December 2018, Schwarz embezzled more than $660,000 by depositing checks from the company’s bank account into his personal bank account and concealed the theft by falsifying the company’s records, the prosecutor said.

Schwarz faces up to 10 years in prison on the theft charge and up to 18 months on the charge of falsifying records.

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