Insurance Broker Arrested For Stealing Over $144K From Woodbury Company: DA

An insurance broker for a company in Woodbury was arrested on Wednesday for stealing over $144,000 from his employer by writing checks and depositing them into an account in his and wife's name, according to the Nassau County District Attorney.

Mohan Jitlal, 37, of Queens was charged with second degree grand larceny and eight counts of first degree falsifying business records, the DA said.

He conditionally released to probation and ordered to surrender his passport. He is due back in court on September 25. If convicted, Jitlal faces a maximum of five to 15 years in prison.

Last year, an executive at the Woodbury insurance brokerage received a phone call from a fraud investigator at Capital One Bank, regarding a check drawn on the insurance company’s payable account to a “Janet B” for $3,925.49, according to the DA.

The check was suspicious because the payee was unknown to the company.

The company then began an internal investigation which revealed a total of 29 checks, totaling $144,245.75 were allegedly misappropriated by Jitlal, who worked for the company as a senior analyst from July 2012 to June 2016, the DA said.

Some of the checks were made out to his wife, who was not involved with the misappropriation of the money, the DA said.

Part of the Jitlal's job duties included requesting and paying disbursements to insurance carriers.

While he has had no authorization to request those checks, Jitlal would allegedly deposit them into Capital One and TD Bank accounts in Nassau County and Queens, according to the DA.

He then withdrew money from an ATM and used it to pay gambling debts as well as other expenses including restaurants, retail shopping and a monthly gym membership, the DA said.

He was fired from his position on June 28, 2016 and NCDA received the complaint on December 7, 2016.

“This defendant allegedly stole more than $144,000 from his employer and used the money to pay off gambling debts and other personal expenses,” DA Madeline Singas said. “Would-be embezzlers should know that their crimes leave a paper trail that investigators can follow, and when caught, they will face serious criminal consequences.”