Craig Larsen, Interstate Transportation of Money Obtained by Fraud, New Jersey 2016

State: Connecticut
Category: White Collar Crime
Source: <a href="https://www.justice.gov/usao-ct/pr/glastonbury-man-admits-embezzling-200k-new-jersey-manufacturer-health-care-supplements" style="color:#cc0000;" target="_blank" rel="nofollow noopener">DOJ Press Release ÃƒÂ¢Ã¢â‚¬Â Ã¢â‚¬â€

Embezzlement Scheme Unfolds in Glastonbury

A Glastonbury man has admitted to embezzling $200,000 from a New Jersey-based manufacturer of health care supplements in a brazen scheme that spanned two years.

Craig Larsen, 53, pleaded guilty to one count of interstate transportation of money obtained by fraud in connection with the embezzlement scheme that saw him pocketing funds from Maximum Human Performance (MHP), a New Jersey-based company that provides supplements for bodybuilding, strength, weight loss and fitness.

According to court documents, Larsen, who was the head of MHP’s quality control, began submitting fraudulent invoices to the company in November 2013. These invoices claimed that a company he controlled, R.E.T.S., had performed quality control services for MHP when, in reality, no such services had been provided.

Larsen used his authority to approve the invoices for payment, causing MHP to pay approximately $204,000 for services that were never rendered. The scheme ran from November 2013 to February 2015, with Larsen submitting a total of 40 false invoices.

The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant U.S. Attorney Susan Wines. Judge Jeffrey Alker Meyer has scheduled sentencing for July 25, 2016, at which time Larsen faces a maximum term of imprisonment of 10 years.

Larsen’s crimes have left the community reeling, with many left wondering how such a brazen scheme could go undetected for so long. The case serves as a stark reminder of the importance of vigilance in protecting against white-collar crime.

As the investigation continues, one thing is clear: Craig Larsen will have to answer for his crimes. With a guilty plea already on the record, the stage is set for a dramatic conclusion to this tale of embezzlement and deceit.

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