FREEHOLD — The previous volunteer treasurer of a youth soccer league admitted Monday he stole greater than $four hundred,000 from the group.
Anthony Gallo, fifty seven, of Freehold Township, pleaded responsible to second-diploma theft and faces as much as six years in jail when is sentenced Jan. 19, the Monmouth County Prosecutor’s Workplace stated in a press release.
Ex-PTA treasurer admits stealing greater than $15K
Gallo wrote greater than $300,000 in checks to himself and his firm, Beacon Monetary Providers, from the account of the Freehold Soccer League. He additionally made about $one hundred twenty,00 in unauthorized ATM withdrawals.
Gallo used about $25,000 for private bills — together with $12,000 for his wi-fi telephone payments and hundreds extra for restaurant meals, buying and at a Honda dealership.
Gallo later deposited almost $one hundred twenty,000 again into the account in an effort to keep away from being caught, prosecutors stated. He now should pay about $280,000 in restitution.
The thefts passed off from 2012 to 2016.
Gallo was arrested after the league president discovered that uniforms had not been paid for and that cash was lacking from the group’s checking account.
He was charged in March and indicted in September.
Jeff Goldman could also be reached at firstname.lastname@example.org. Comply with him on Twitter @JeffSGoldman. Discover NJ.com on Fb.