FREEHOLD – A Shrewsbury man has been criminally charged with embezzling more than $750,000 from the Colts Neck-based company he once worked for as an accountant, Acting Monmouth County Prosecutor Lori Linskey announced Wednesday.
Mark S. Bloom, 45, is charged with second-degree theft by unlawful taking.
A joint investigation by the Monmouth County Prosecutor’s Office and the Colts Neck Police Department led to a financial analysis of D’Angelico Guitars of America, a musical instrument manufacturer headquartered on Route 537.
The analysis revealed that sometime in early 2020, Bloom had created a new personal PayPal account and began surreptitiously transferring funds into it from the company’s American Express business account and its PayPal business account. Using the personal PayPal account, Bloom then spent much of the more than $750,000 he embezzled on online gambling.
Bloom was charged via summons on Tuesday pending the scheduling of a hearing to take place in Monmouth County Superior Court. He is being represented by Randolph H. Wolf, Esq., with an office in Red Bank.
The case is assigned to Assistant Prosecutor Kristen Anastos of the Prosecutor’s Office’s Financial Crimes and Public Corruption Unit.
Despite the aforementioned pending charges, every defendant is presumed innocent, unless and until found guilty beyond a reasonable doubt, following a trial at which the defendant has all of the trial rights guaranteed by the U.S. Constitution and State law.