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Bergen County Man Sentenced to 30 Months in Prison for Raiding Employee Pension Plan

employee fraud

the staff of the Ridgewood blog

Teaneck NJ,  A Bergen County man who embezzled funds from his company’s employee benefit plan over an eight-year period was sentenced today to 30 months in prison, U.S. Attorney Craig Carpenito announced.

Howard Preschel, 63, of Teaneck, previously pleaded guilty before U.S. District Court Judge Susan D. Wigenton in Newark federal court to one count of an indictment charging him with embezzling funds from the CMG Vending Inc. Pension Trust Fund.

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