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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
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NY biz bigwig admits he skimmed .6M to pay for his wedding, lavish trips and failed side hustle
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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.”

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“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  All About Dominic LeBlanc, Justin Trudeau's Pick For Canada's New Finance Minister

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
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