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A credit score supervisor supervisor at a Lengthy Island firm pleaded responsible to wire fraud Thursday for stealing $1.6 million from his employer to pay for his marriage ceremony, lavish abroad jaunts and a since-failed restaurant enterprise, prosecutors mentioned.
Tony Ream, 34, of Greenville, South Carolina, was busted siphoning the hefty sum by way of wire transfers he constituted of his employer’s checking account out over a four-year stretch, in keeping with the US Legal professional’s Workplace for the Jap District of New York.
The embezzlement scheme, which dates again to October 2020 and ran by means of November 2024, concerned Ream diverting funds from buyer refund accounts to his personal private account, prosecutors mentioned.
He would then cowl his tracks by marking every wire switch as a buyer refund, court docket paperwork present.
“Ream abused his authority and betrayed his employer and its prospects to fund his personal lavish life-style,” US Legal professional Nocella mentioned in an announcement.
“In just some years, Ream embezzled over $1.6 million and used the stolen cash to pay for his marriage ceremony, luxurious worldwide journey, and for renovations to a restaurant he had opened.”
His employer, which was solely known as “the Firm” in court docket filings, is headquartered in Melville, New York.
The enterprise was described by prosecutors as “an American distributor of well being care services.”
Ream was employed by the corporate in 2019 as a credit score supervisor.
As a part of his responsible plea, Ream has agreed to pay again the stolen $1.6 million and faces as much as 20 years in jail.
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