When someone is arrested and charged with a crime in New Jersey, police departments observe a protocol that includes the reading of Miranda Rights.
A Ramsey man admitted in federal court Monday that he stole more than half a million dollars from his employer and, with a co-conspirator, spent the money on personal purchases from such stores as Bloomingdales, Luis Vuitton, Dick’s Sporting Goods and Target.
Joseph Spaccavento, 41, and his former co-worker, Melissa Corso, told customers of the Ridgefield Park security system company for which they worked to send service payments to a PayPal account they’d set up, acting U.S. Attorney Rachael Honig said in a statement.
But the company had not authorized the account, which was registered to Spaccavento and used Corso’s work email, Honig said. When the pair withdrew the money, they sent it to their private PayPal accounts and used it to buy from clothing stores, such as Forever 21, and restaurants on the delivery service Grubhub.
They allegedly ran the scheme from February 2013 to September 2018 and netted more than $516,000 in total, federal authorities said.
Corso, whom authorities arrested Feb. 5, then allegedly used fake documents, fraudulent customer statements and internal accounting records to cover up the diversion.
Spaccavento, who is free on a $250,000 bond, pleaded guilty by videoconference to one charge of conspiracy to commit wire fraud, Honig said. He faces up to 20 years in prison and fines of at least $250,000.
Paul Brickfield, his River Edge attorney, did not respond to a request for comment.
The court will sentence him Sept. 9.
Federal authorities have also charged Corso with two counts of wire fraud, Honig said. Her case is still pending.
Steve Janoski covers law enforcement for NorthJersey.com. For unlimited access to the most important news about those who safeguard your local community, please subscribe or activate your digital account today.
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