By: Najla Alexander
Authorities in Monmouth County announced that a local man has been criminally charged with using a former business client’s credit card to purchase items he then resold to another client, a plot that netted more than $200,000.
Monmouth County Prosecutor Raymond S. Santiago stated Adam C. Kleinwaks, 55, of Manasquan, is charged with second-degree Money Laundering and second-degree Theft by Unlawful Taking.
Earlier this year, officials said, this matter was referred to the MCPO Financial Crimes and Special Prosecutions Unit by a credit-card company security personnel.
According to officials, an independent investigation then conducted by members of the Unit revealed that Kleinwaks had been fraudulently using a former client’s credit card to make unauthorized purchases of items costing more than $130,000.
Furthermore, the investigation revealed that Kleinwaks, a salesman for a printing company, took the labels for recreational, commercial products he purchased and resold them to another company, receiving more than $200,000 in checks as payment, officials say.
Authorities say he allegedly then cashed those checks and made multiple cash deposits into a bank account he controlled.
Kleinwaks turned himself into authorities last week and was released on a summons. Officials said his first appearance in Monmouth County Superior Court is tentatively set for Thursday, October 10. 