Federal authorities say a woman from North Jersey has admitted her role in a scheme to embezzle over $3.7 million from her employer while she was the company’s chief financial officer and director of operations.

U.S. Attorney Philip Sellinger says 50-year-old Amy Aldi of Wayne has pleaded guilty to one count of wire fraud.

From January 2018 through December 2020, Aldi abused her position as chief financial officer and director of operations for a New Jersey-based company to embezzle millions of dollars by withdrawing cash from the company’s operating account and then using the cash for her own personal benefit.

Sellinger's office says Aldi made over 200 cash withdrawals, in amounts ranging from $5,000 to $25,000 per withdrawal, totaling more than $3.7 million.

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Aldi concealed the theft by falsifying company accounting and financial records, including making false journal entries and altering bank statements issued to the company for the company’s operating account.

Aldi now faces up to 20 years in prison and a $250,000 fine.

Sentencing is scheduled for January 10th.

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