Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • đŸ”„
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > World News > NY biz bigwig admits he skimmed $1.6M to pay for his wedding, lavish trips and failed side hustle
World News

NY biz bigwig admits he skimmed $1.6M to pay for his wedding, lavish trips and failed side hustle

Last updated: September 25, 2025 1:46 pm
Share
NY biz bigwig admits he skimmed .6M to pay for his wedding, lavish trips and failed side hustle
SHARE

A credit supervisor manager from a Long Island firm has admitted to charges of wire fraud on Thursday, having embezzled $1.6 million from his employer. He misused the funds to finance his wedding, extravagant vacations, and a now-closed restaurant endeavor, as stated by the prosecutors.

Tony Ream, aged 34, hailing from Greenville, South Carolina, was caught transferring significant amounts from his employer’s bank account over a span of four years, according to the U.S. Attorney’s Office for the Eastern District of New York.

Prosecutors revealed that the embezzlement scheme began in October 2020 and continued until November 2024, with Ream unlawfully redirecting money from customer refund accounts into his personal account.

Credit supervisor manager Tony Ream confessed to wire fraud involving the theft of $1.6 million from his employer to pay for personal luxuries. Image Source: NY Post
The fraud scheme, spanning from October 2020 to November 2024, included misappropriating funds from customer refunds to his own account. Image Source: stock.adobe.com

To conceal his actions, he fraudulently labeled each wire transfer as a customer refund, as indicated in court documents.

U.S. Attorney Nocella stated, “Ream exploited his position and deceived both his employer and its customers to support his extravagant lifestyle.”

Start your day informed with the latest updates

The Morning Report provides you with the newest news, videos, and photos.

Thank you for subscribing!

“In just a few years, Ream embezzled over $1.6 million and utilized the stolen funds for his wedding, luxurious travel abroad, and upgrades to a restaurant he had launched.”

U.S. Attorney Nocella addressed the situation: “Ream exploited his authority and deceived his employer and its clientele to finance his luxurious lifestyle.” Image Source: stock.adobe.com

The business referred to simply as “the Company” in legal documents is based in Melville, New York.

Prosecutors have characterized the firm as “an American distributor of healthcare products and services.”

Ream joined the firm in 2019 as a credit supervisor.

See also  US Journalist Slammed For "Unprofessional" Outfit On First Day As White House Correspondent, She Responds

As part of his guilty admission, Ream has agreed to reimburse the entire $1.6 million and could face a maximum of 20 years in prison.

TAGGED:1.6MAdmitsbigwigbizFailedHustlelavishPaysideskimmedtripsWedding
Share This Article
Twitter Email Copy Link Print
Previous Article Celebs Who’ve Had Their Breast Implants Removed and Why Celebs Who’ve Had Their Breast Implants Removed and Why
Next Article Glen Powell Wants Taylor Swift to Cameo in ‘Chad Powers’ Season 2: ‘T-Swift Comin’ in Hot’ Glen Powell Wants Taylor Swift to Cameo in ‘Chad Powers’ Season 2: ‘T-Swift Comin’ in Hot’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Five NYC Art Shows to See This Week

If you are a lover of art and looking for some visually engaging and thought-provoking…

February 11, 2025

Google Gemini Live Camera and Screen Sharing Now Free on Android

Google has introduced a new feature called Gemini Live, which is now available for all…

April 17, 2025

Itch.io is the latest marketplace to crack down on adult games

Itch.io, a popular indie video game marketplace, made headlines this week when it announced that…

July 27, 2025

What is Russell Wilson’s playoff record? Exploring Steelers QB’s wins and losses

The Pittsburgh Steelers made a significant move in the summer by signing Russell Wilson, a…

January 17, 2025

Local Officials Welcome Investment by Cannabis Brand in Middletown

This article was originally published  by The Epoch Times: Local Officials Welcome Investment by Cannabis…

September 25, 2025

You Might Also Like

Family asks for ‘Halloween miracle’ after thief nabs their 13-foot Jack Skellington animatronic
World News

Family asks for ‘Halloween miracle’ after thief nabs their 13-foot Jack Skellington animatronic

October 10, 2025
NYC Council approves bill to boost testing for Legionnaires’ disease in cooling towers
World News

NYC Council approves bill to boost testing for Legionnaires’ disease in cooling towers

October 10, 2025
Cindy McCain, widow of Sen. John McCain and head of UN World Food Program, suffers stroke
World News

Cindy McCain, widow of Sen. John McCain and head of UN World Food Program, suffers stroke

October 10, 2025
SEND adviser admits reforms ‘taking longer than sector hoped’
Education

SEND adviser admits reforms ‘taking longer than sector hoped’

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?