Sometimes union corruption cases merge in unexpected ways. That was the case in the sentencings of Salvatore Armao and Karen Auer, respectively, the managing partner and principal officer of a Long Island accounting firm. On February 26, Armao was sentenced in U.S. District Court for the Southern District of New York to two years of supervised release, including six months of home confinement, to making false statements related to aiding and abetting embezzlement by a union president. He also was ordered to pay $9,592 in restitution, $18,700 in asset forfeiture and a $3,000 fine. A little over a week later, on March 8, Auer was sentenced to one year of supervised release and ordered to pay $7,194 in restitution. Each had pleaded guilty last August following a joint probe by the FBI and the U.S. Department of Labor.
Salvatore Armao, founder and managing partner of the Garden City (Long Island), … Read More ➡ “Long Island Accounting Executives Sentenced for Records Fraud”
As a Certified Fraud Examiner, Salvatore Armao knew he was in no position to do anything but plead guilty. That’s why he did just that. Last Thursday, August 2, Armao, founder and managing partner of a Long Island, N.Y.-based accounting firm, Armao LLP, pleaded guilty in U.S. District Court for the Southern District of New York to falsifying financial records filed with the Department of Labor to conceal a scheme by an unnamed labor union president to embezzle more than $100,000 over a number of years from a related benefit plan. Armao and a principal officer of his firm, Karen Auer, had been charged on June 1 with aiding and abetting the thefts. Auer, to no surprise, pleaded guilty on August 3. The actions follow a probe by the FBI, and the Labor Department’s Office of Inspector General and Employee Benefits Security Administration.
According to prosecutors, the unnamed president of … Read More ➡ “Account Executives in Long Island Plead Guilty to Coverup”
An organization hires a certified public accountant as its first line of defense against being sued or ripped off. Salvatore Armao and Karen Auer, respectively, the founder-managing partner and a principal officer of the Garden City (Nassau County), L.I.-based accounting firm Armao LLP, apparently forgot their mission. On June 1, the U.S. Justice Department announced that the pair had been charged in Manhattan federal court with aiding and abetting the embezzlement of over $100,000 from a benefit plan of an unspecified union. Each surrendered to authorities that morning. The actions follow an investigation by the U.S. Labor Department’s Office of Inspector General and Employee Benefits Security Administration, with assistance from the FBI and the Justice Department’s Labor-Management Racketeering Unit.
According to federal prosecutors, Salvatore Armao, 64, a resident of Queens, N.Y., and Karen Auer, 47, a resident of Bethpage, N.Y., had the wrong kind of loyalty to a client. From … Read More ➡ “New York Accounting Execs Charged with Concealing Union Benefit Thefts”