Man Stole $2.5 Million From Moorestown Employer: Cops

MOORESTOWN, NJ — A 78-year-old man has been charged with stealing more than $2.5 million from a Moorestown company he worked for as an accounting manager over a 14-year period, authorities announced on Wednesday.

Charles Esposito, of Hainesport, has been charged with second-degree theft by deception, second-degree computer criminal activity and second-degree misapplication of entrusted property, according to Burlington County Prosecutor Scott Coffina and Moorestown Township Police Chief Lee Lieber.

Esposito surrendered at the Moorestown Police Department. He was processed on a summons and released on his own recognizance. The case will now be prepared for presentation to a Burlington County Grand Jury for possible indictment.

Oldcastle BuildingEnvelope [sic] opened an investigation after concerns were raised about a hand-written check for $18,500 that had been signed by Esposito and contained another signature that appeared to be a forgery in April, according to authorities.

An investigation revealed that Esposito was able to circumvent the company’s check issuance procedures and divert $2,537,655 for his personal gain, according to authorities. He is accused of conducting 243 fraudulent transactions between 2005 and April 2019, authorities said.

Oldcastle BuildingEnvelope supplies products and services used to close in a structure, provide access, security and safety, and finish out the interior. This includes fabricated glass, architectural hardware and architectural metal systems. The company has operations in 32 countries.