A Hoboken woman has been charged with embezzling over $33,000 from a non-profit entity dedicated to providing affordable housing to residents in Englewood, U.S. Attorney Craig Carpenito announced.
Yezenia Castillo, 44, of Hoboken, is charged with four counts of wire fraud. She is scheduled to appear this afternoon before U.S. Magistrate Judge Joseph A. Dickson in Newark federal court.
From May 2015 to August 2016 Castillo, used her position as the accountant for the non-profit company to issue unauthorized checks made payable to herself or entities she controlled, according to court documents.
She forged the signature of the president of the companyâ€™s board of directors on those checks, representing to the company that the payments were for legitimate business expenses, including tax payments to be made on behalf of the company, authorities said.
A review of bank records during this period did not identify tax payments made by Castillo to the IRS or the State of New Jersey on behalf of the company, her criminal complaint says.
According to the complaint, she deposited four fraudulent checks between August 1st and August 4th, 2016 for a total of $33,410.33.
The counts of wire fraud each carry a maximum potential penalty of 20 years in prison and $250,000 fine, or twice the gross gain or loss from the offense.