Former Hotel Analyst from NJ Admits Role in $317K Embezzlement Scheme
Federal authorities say a former senior analyst for a national hotel chain has admitted his role in a scheme to embezzle over $300,000 from his employer.
U.S. Attorney Philip Sellinger says 46-year-old Marco Alvarez of Bloomfield, NJ, pleaded guilty on Thursday to one count of wire fraud.
According to documents filed in this case,
As [a] senior analyst for strategic sourcing for a national hotel chain, Alvarez was responsible for administering the company’s corporate credit card program. . . . From April 2014 through January 2020, Alvarez embezzled funds from the hotel through the unauthorized use of the hotel’s corporate credit cards to purchase goods and services. Alvarez admitted that he knowingly opened and used corporate credit cards to make $317,582 in unauthorized personal purchases and attempted to conceal them by transferring credits owed to the hotel to these credit cards to offset the unauthorized charges made.
Alvarez faces up to 20 years in prison and a $250,000 fine.
Sentencing is scheduled for September 21st.
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