New Jersey Lawyer Steals $2.6 Million to Fuel Gambling
Matthew S. Nuegeboren, an attorney from Manalapan, New Jersey, is in hot-water after admitting to stealing more than $2.6 million from an unidentified home health care company he worked for as in-house counsel.
According to U.S. Attorney Paul Fishman, the money was stolen from January 2008 to December 2012 with some of the cash being spent on gambling and other personal expenses.
Nuegeboren admitted in court to padding expenses from an attorney account he managed and pocketing the difference for his own personal use. He worked for this health care company from 2006 until 2013 where he reportedly stole $2,644,911.
The 39-year old attorney also is in trouble with the IRS after failing to report $630,000 in income he received in 2011 through the scheme.
On Tuesday, Neugeboren plead guilty to wire fraud and to subscribing to a false tax return. According to NJ.com, these charges are quite serious, potentially carrying 20 years in prison and a fine of up to $500,000 when he's sentenced during a hearing scheduled for September 3.
While Neugeboren Neugeboren has already $1.2 million of the stolen money, however, he still also must pay restitution of $1,404,962.91.
According to App.com, Neugeboren's attorney, Justin Walder, Neugeboren has not worked as an attorney since being fired from the health care company. Walder also said, "It's a severe problem. It's sad but he has accepted responsibility."