NEWARK, NJ — A former Belmar man was sentenced to two years in prison for stealing more than $1 million from an orthopedic practice while he served as its chief financial officer.
Harry Wolfmuller, 70, was sentenced on May 23 by U.S. District Judge Claire C. Cecchi in Newark after pleading guilty last November to “an information charging him with one count of wire fraud,” according to U.S. Attorney Craig Carpenito of the District of New Jersey.
As part of the plea agreement, Wolfmuller also will pay $1,175,720 in restitution — the amount the company lost as a result of his actions, according to court papers.
From 2007 through 2015, Wolfmuller was employed as the CFO for an unidentified orthopedic care provider with offices in Ocean and Monmouth Counties, where he controlled its bank accounts and financial records, according to court documents.
Wolfmuller cashed checks from the practice’s business accounts to pay for unapproved personal expenses, including meals at restaurants, golf, gambling and lottery tickets, the papers show. He then misrepresented the nature of these transactions in the company’s accounting records to make them appear as legitimate business expenses, federal prosecutors said.
Although the court documents do not identify the firm, business filings show that Wolfmuller served as CFO for Seaview Orthopaedics, which has offices in Ocean Township, Freehold, Brick, Barnegat and Monroe.
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