Managing Director of Bank’s Investment Company Convicted of Embezzling More Than $571,000
Managing Director of Bank’s Investment Company
Convicted of Embezzling More Than $571,000
The former managing director of the Pamrapo Service Corporation (Service Corporation), the investment arm of the former Pamrapo Savings Bank, was convicted today of embezzling more than $571,000 in commissions and fees belonging to the Service Corporation through a mail fraud scheme.