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Pine Belt Nissan could have been defrauded of greater than 1,000,000 {dollars} by considered one of its former staff. Martin D’Amato was arrested on September 19 and is being charged with cash laundering and theft, in response to the Ocean County, New Jersey Prosecutor’s Workplace.
The workplace, in response to NJ.com, first turned conscious of misdeeds after it was contacted by the dealership, which is situated in Toms River, New Jersey, concerning a fictitious billing scheme that prosecutors now accuse D’Amato of getting been behind.
The corporate reported that the worker was in control of digital promoting for the dealership. In that place, he was approved to rent freelance promoting and advertising and marketing corporations to assist with promotional campaigns.
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The Ocean County Prosecutor’s Workplace Financial Crime Squad alleges that D’Amato used his place on the dealership to line his personal pockets. By creating various restricted legal responsibility corporations that have been beneath his management, prosecutors declare that he charged the Pine Belt Nissan for providers that have been by no means rendered whereas creating the looks of retaining reliable promoting and advertising and marketing providers.
In all, D’Amato is accused of misappropriating $1.3 million from the dealership via these shell corporations and of utilizing a web-based fee processing service to hide his affiliation with the restricted legal responsibility corporations. He then allegedly transferred the funds to his personal accounts and used them for his private achieve.
The investigation was began after an inside evaluate at Pine Belt Nissan revealed that the corporate bank card had exceeded price range quantities. After being arrested on September 19, 2022, Detectives from the Ocean County Prosecutor’s Workplace took D’Amato to Ocean County Jail to await a detention listening to.
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