MILLSTONE TOWNSHIP, NJ (Monmouth County) – The New Jersey State Police have arrested Jeremy Guarino, 36, of Phillipsburg, N.J., for allegedly stealing nearly $350,000 worth of premium copper wiring from his employer over a two-year period.
During a six-month investigation, detectives from the Troop “C” Criminal Investigation Office working cooperatively with the Monmouth County Prosecutor’s Financial Crimes Unit determined that Guarino ordered premium copper wire in excess while he was the vice president of Duke Electric in Millstone Township, Monmouth County. Guarino allegedly removed the surplus copper from work sites, stripped the wire into manageable portions, and then transported it to various locations in Pennsylvania where he would sell it.
After a review of cost estimates and documentation from Duke Electric, it was determined that Guarino was responsible for at least $347,903.96 worth of unauthorized purchases of premium copper wiring.
On July 21, Jeremy Guarino surrendered at Hamilton Station where he was charged with theft by deception and released with a pending court date.
The case is being prosecuted by the Monmouth County Prosecutor’s Office.
For more Northwest Jersey’s News, tune into 92.7FM, 104.7FM, 1510AM, wrnj.com or on the TuneIn app.