A Northvale NJ couple recently appeared in federal court and pleaded guilty to embezzlement charges.
According to authorities, the two suspects stole thousands of dollars while defrauding a union health care benefit program.
The suspects were in charge of the United International Brotherhood of All Trades, Technologies, Service, Administration and Medical Workers Union. While running the organization, the suspects sponsored a fund that provided health coverage to union members who elected to register over the Internet.
During a three-year period from 2009 to 2011, the suspects reportedly embezzled $160K from the fund.
Federal prosecutors alleged that the suspects used the stolen funds to pay for their mortgages and cover the costs of cruises and other expensive vacations.
The suspects recently made appearances in federal court in Newark New Jersey and pleaded guilty to federal embezzlement charges.
The suspects will need to return to U.S. District Court in Newark on February 8, 2016 in order to be formally sentenced.
For further information about this case, check out the NJ.com article entitled “Bergen Couple Admits Stealing More Than $150K from Healthcare Fund.”