Former CFO of New Jersey's McElroy Deutsch Sentenced to Five Years for $1.5 Million Embezzlement

Jul 26, 2024, 03:07 PM

The former chief financial officer of McElroy Deutsch Mulvaney & Carpenter LLP has been sentenced to five years in prison and ordered to pay restitution for embezzling more than $1.5 million from the firm and failing to pay income tax. The sentencing, announced by the New Jersey state attorney general's office, follows a series of legal troubles for the firm. Experts cite the case as indicative of a lack of internal controls at the firm.