Budd Larner Tech Officer Bilked Law Firm for Nearly $1M, Prosecutors Charge
Federal prosecutors claim Budd Larner's CTO created fake companies to file false invoices that the firm paid out, only to funnel the money to himself and a co-defendant through online payment processors.
February 27, 2019 at 05:25 PM
5 minute read
The original version of this story was published on New York Law Journal
The chief technology officer of a midsize regional law firm has been accused of stealing nearly $1 million over the course of a number of years, according to documents filed in two interconnected suits in the U.S. District Court for the Southern District of New York.
An indictment brought by the U.S. Attorney's Office for the Southern District of New York that was unsealed in early February charged the Budd Larner CTO Rocco Romeo and a co-defendant, Jacqueline Galler, with four criminal counts, including wire fraud and money laundering-related charges.
According to the prosecutors, the unnamed New Jersey-based company had been defrauded by Romeo through a sophisticated system of falsified invoices, fake companies and conspicuous efforts to conceal the alleged scheme that cost the firm $900,000 over three years.
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