FLORHAM PARK, NJ (Morris County) – A Florida man has been charged for allegedly stealing more than $325,000 by charging personal expenses to his company issued credit card and seeking reimbursements, according to Morris County Prosecutor Fredric M. Knapp.
Hector Cardona, 49, of Fort Lauderdale was charged with third-degree theft.
On March 3, 2017, Troy Corporation (“Troy Corp”) reported an alleged theft by Cardona who was their former Director of Travel Services, Knapp said.
Troy Corp. alleged that Cardona had misappropriated corporate funds by using his corporate credit card for personal expenses and receiving reimbursement payments for expenses that he did not incur in connection with his employment at Troy Corp, Knapp said.
The investigation revealed that, between June 1, 2014 and January 31, 2017, he received reimbursement payments from Troy Corp. totaling $325,165.95. As of November 20, 2017, this account was nearly depleted, Knapp said.
Further investigation revealed that the majority of his bank account’s outgoing transactions appeared to be personal in nature and not related to any business with Troy Corp, Knapp said.
The Morris County Prosecutor’s Office Specialized Crimes, Fraud Unit; the Florham Park Police Department and the New York City Department of Investigations assisted with the investigation.