A Bergen County man and former IRS Revenue Agent was charged after DOJ alleged he embezzled more than $12 million and laundered proceeds while serving as CFO/controller of a New Jersey fuel company. DOJ describes the conduct as sophisticated financial fraud enabled by insider trust and control of business operations.

DOJ announced the arrest and charging of a Bergen County man—described as a former IRS Revenue Agent—based on allegations that he engaged in a large-scale embezzlement and money-laundering scheme. Prosecutors allege that while he served as CFO/controller of a New Jersey-based fuel company, he embezzled more than $12 million and then laundered the proceeds. DOJ characterizes the case as sophisticated financial fraud, emphasizing the alleged misuse of authority and access that comes with holding senior financial roles. The allegations tie the alleged criminal conduct to the defendant’s position inside the company, suggesting the ability to control or influence financial processes as part of how money was taken and disguised. If proven, the case would involve both theft and laundering, indicating that prosecutors believe proceeds were moved or handled in ways intended to conceal their origins. The matter underscores the risks posed by insider access—especially when individuals with government experience are accused of exploiting trust and financial controls. Federal charges in such cases typically include provisions aimed at both recovering or tracing ill-gotten gains and punishing concealment-related conduct.