Crime & Safety
DA: Hauppauge CEO Diverted $300K from Employees' 401Ks
Om Soni, chief executive officer of bankrupt Sonix Medical Records, pleads not guilty to grand larceny.
A Hauppauge CEO of a bankrupt medical imaging and record company pleaded not guilty to allegedly stealing $300,000 from his employees' 401K funds.
Om Soni, 67, of Oyster Bay, chief executive officer of Hauppauge-based Sonix Medical Records, pleaded not guilty to felony charges of second-degree grand larceny and first-degree scheme to defraud in Riverhead courts.
Suffolk County District Attorney Thomas Spota said his office, in joint investigation with the U.S. Department of Labor, found that Soni used roughly $300,000 owed to his employees 401K funds to "pay for his Bentley, Lamborghini, Porsche, an Oyster Bay mansion and to fund other executive salaries."
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Soni allegedly stole the money from Sonix Medical Records from 2007 to 2009.
Sonix Medical Records, a diagnostic imaging and medical billing business, filed for Chapter 11 bankruptcy in 2009. The company was then purchased by Radnet in April 2010 for $2.25 million, according to Diagnostic Imaging.
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Soni has been released on his own recognizance. He is scheduled to appear next in court on April 11.
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