Credit: andranik123/Adobe Stock Former McElroy Deutsch CFO Charged With Embezzlement
John Dunlea faces a potential total of 15 years in prison and fines of up to $165,000 under New Jersey law.
February 15, 2024 at 04:37 PM
3 minute read
What You Need to Know
- Former McElroy Deutsch CFO John Dunlea has been charged with embezzling around $1.5 million from his former firm.
- McElroy Deutsch previously sued Dunlea and his wife Nicole Alexander for fraud, conversion, and breach of fiduciary duty.
- Dunlea faces up to 15 years in prison as well as a total of $165,000 in fines.
Former McElroy, Deutsch, Mulvaney & Carpenter CFO John Dunlea has been charged in New Jersey state court with allegedly embezzling $1.5 million from the firm as well as avoiding state income tax payments.
Dunlea faces two counts of theft by deception in the second degree and five counts of failure to pay taxes in the third degree after allegedly paying himself unauthorized bonuses totaling $1,182,965 between 2017 and 2022 as well as using the law firm's credit card to pay for personal expenses. The case also charges Dunlea with failing to pay state income tax from 2018 to 2022 for income gained through the credit card fraud.
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