ELMWOOD PARK, N.J. -- The former president of a metropolitan-area company who lives in Rochelle Park embezzled $1 million, then tried to cover his tracks by destroying records, Bergen County Prosecutor Gurbir S. Grewal said Tuesday.
Keith Feuilly, the former president of Atlas Equipment Rentals, was charged with theft by deception, money laundering and misconduct by a corporate official following an investigation by Grewal’s Financial Crimes Unit, the prosecutor said.
It began with a complaint last July, Grewal said.
Detectives learned that Feuilly “received payments to the company in checks, which he then deposited in an account which he controlled in a Paramus bank branch,” he said.
Feuilly embezzled the money over five years and “used his access to the business’ accounting software to destroy and/or alter the records in an attempt to conceal the receivables and his theft of the money,” Grewal said.
Feuilly was released on a summons pending a June 21 appearance in Bergen County Central Judicial Processing Court in Hackensack.