On Tuesday, September 6, a Passaic County woman admitted her role in a scheme to embezzle over $3.7 million from her employer while she was the company’s chief financial officer and director of operations, U.S. Attorney Philip R. Sellinger announced.
Amy Aldi, 50, of Wayne, pled guilty to wire fraud charges before U.S. District Judge John Michael Vazquez.
According to the U.S. District Attorney’s Office for New Jersey, from January 2018 through December 2020, Aldi “abused her position as chief financial officer and director of operations for a New Jersey-based company to embezzle millions of dollars by withdrawing cash from the company’s operating account and then using the cash for her own personal benefit.”
Court documents say Aldi, without authorization, made over 200 cash withdrawals, in amounts ranging from $5,000 to $25,000 per withdrawal, totaling more than $3.7 million.
Aldi admitted to concealing the theft by “falsifying company accounting and financial records, including making false journal entries and altering bank statements issued to the company for the company’s operating account.”
The wire fraud charge carries a maximum penalty of 20 years in prison and a fine of $250,000, or twice the gross gain or loss from the offense, whichever is greatest. Sentencing is scheduled for January 10, 2023.
U.S. Attorney Sellinger credited special agents of the FBI, under the direction of Special Agent in Charge James E. Dennehy in Newark, for the guilty plea.
The government was represented by Assistant U.S. Attorney Blake Coppotelli of the U.S. Attorney’s Office, Economic Crimes Unit.