Asbury Park Store Manager Faces Charges for Embezzling Almost $270K
Local Man Arrested for Stealing Over $250,000 from Former Employer
August 9, 2023
FREEHOLD – In a recent announcement, Monmouth County Prosecutor Raymond S. Santiago revealed that a local man has been charged with the theft of more than a quarter of a million dollars from his former employer, a construction supply company in Asbury Park. The accused, Mark A. Cocciardi, Jr., 46, from Ocean Township, is facing second-degree Theft by Deception charges. The arrest came as a result of an extensive investigation conducted by members of the MCPO Financial Crimes and Public Corruption Bureau.
The investigation, which involved a thorough review of business and financial records, uncovered fraudulent activities perpetrated by Cocciardi during his tenure as a sales manager at the construction supply company. It was discovered that from August 2021 to October 2022, Cocciardi utilized sales receipts to process fictitious returns of building materials that customers had previously purchased. Through this scheme, Cocciardi issued himself credits for the materials on his personal credit cards, totaling an astonishing $268,800.
Cocciardi was taken into custody without any resistance and was promptly served with a summons complaint. The case will proceed in Monmouth County Superior Court under the supervision of Monmouth County Assistant Prosecutor Lawrence Nelsen, who also serves as the Director of the Financial Crimes and Public Corruption Bureau. Information regarding Cocciardi’s legal representation was not immediately available.
Anyone with information related to this case is urged to contact MCPO Detective Bob Afanasewicz at 800-533-7443.
Convictions for second-degree criminal charges can result in a maximum sentence of up to 10 years in state prison. However, it is important to note that all defendants are presumed innocent unless proven guilty beyond a reasonable doubt in a court of law, where they are granted all the trial rights guaranteed by the U.S. Constitution and state law.
Img Source: MidJersey.News
In an unrelated matter, pictured above is a police line at a crime scene. The investigation into this incident is ongoing.
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