Crime & Safety
Employee At Colts Neck Manufacturer Embezzled $750K: Prosecutor
The 45-year-old man worked as an accountant at a Colts Neck-based musical instrument manufacturer, Monmouth County Prosecutor said.
SHREWSBURY, NJ — A Shrewsbury man was accused of embezzling over $750,000 from the Colts Neck-based company he used to work for as an accountant, according to Acting Monmouth County Prosecutor Lori Linskey.
Mark S. Bloom, 45, is charged with second-degree theft by unlawful taking.
An investigation into the company revealed that sometime in early 2020, Bloom had created a new personal PayPal account and began transferring funds into it from the company’s American Express business account and its PayPal business account, the prosecutor said.
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Bloom spent much of the money he embezzled on online gambling, Linskey also said.
The investigation was a joint effort between the Monmouth County Prosecutor’s Office and the Colts Neck Police Department and led to a financial analysis of the company in question, D’Angelico Guitars of America, a musical instrument manufacturer headquartered on Route 537.
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Bloom was charged via summons on Tuesday pending the scheduling of a hearing to take place in Monmouth County Superior Court.
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