Morris County Prosecutor Fredric M. Knapp, Acting Chief of Investigations Christoph Kimker and Florham Park Chief of Police Joseph Orlando announce the arrest of Hector Cardona, 49, of Fort Lauderdale, Florida, on Theft related charges.
According to officials, on March 3, 2017, the victim, Troy Corporation (“Troy Corp”), reported an alleged theft by its former Director of Travel Services, Mr. Hector Cardona.
Troy Corp. alleged that Mr. Cardona had misappropriated corporate funds by using his corporate credit card for personal expenses and receiving reimbursement payments for expenses that he did not incur in connection with his employment at Troy Corp.
Officials say the investigation revealed that, between June 1, 2014 and January 31, 2017, he received reimbursement payments from Troy Corp. totaling $325,165.95.
As of November 20, 2017, this account was nearly depleted. Further investigation revealed that the majority of his bank account’s outgoing transactions appeared to be personal in nature and not related to any business with Troy Corp.
The defendant has been charged with Theft, in violation of N.J.S.A. 2C:20-3a, a crime of the Third degree.
Prosecutor Knapp would like to thank the Morris County Prosecutor’s Office Specialized Crimes, Fraud Unit; the Florham Park Police Department and the New York City Department of Investigations whose efforts contributed to the investigation of this case.