Gerard Beauzile, Wire Fraud, New Jersey 2024

NEWARK, N.J. – A shocking tale of deceit and greed has unfolded in Middlesex County, New Jersey, with the indictment of Gerard Beauzile, a 61-year-old former controller at a New York-based company.

According to documents filed in this case and statements made in court, Beauzile is charged by indictment with 10 counts of wire fraud, punishable by a maximum penalty of 20 years in prison and a maximum $250,000 fine.

The scheme, which spanned from 2014 through December 2020, saw Beauzile issue approximately 140 checks to himself, totaling over $2.3 million, which he deposited into his personal bank account at branches in New York.

Beauzile’s scheme was cleverly concealed by his failure to enter some of the checks into the victim company’s accounting system, causing checks to appear as though they were made payable to vendors when, in fact, Beauzile issued them to himself.

The defendant, who had been working as controller since 2001, also falsified the victim company’s bank account statements to cover his tracks.

Beauzile appeared by videoconference before U.S. Magistrate Judge James B. Clark, III, and was released on $200,000 unsecured bond.

U.S. Attorney Philip R. Sellinger credited special agents of the FBI, under the direction of Special Agent in Charge George Crouch in Newark, with the investigation leading to the indictment.

The government is represented by Assistant U.S. Attorney Blake Coppotelli of the Economic Crimes Unit in Newark.

The charges and allegations contained in the indictment are merely accusations, and the defendant is presumed to be innocent unless and until proven guilty.

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