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Bookkeeper Stole $2.6M From Delaware River Waterfront Corp: Feds

PHILADELPHIA — The lady tasked with overseeing funds of the Delaware River Waterfront Company has been federally charged with stealing higher than $2.6 million from the group, authorities acknowledged.

Performing United States Lawyer Jennifer Arbittier Williams Tuesday acknowledged Angela DiPietro-Sabatine, 57, of Pennsauken, New Jersey, was arrested and charged by Indictment with ten counts of wire fraud, one rely of economic establishment fraud, three counts of aggravated identification theft, and aiding and abetting, all stemming from her alleged theft of higher than $2.6 million {{dollars}} from the Delaware River Waterfront Company (DRWC).

The DRWC is a non-profit, quasi-governmental entity whose mission is to design, develop, and deal with the central Delaware River waterfront from Oregon to Allegheny avenues in Philadelphia for residents’ revenue.

In response to the Indictment, DiPietro-Sabatine the accounting administrator at DRWC, the place she managed the accounts payable and receivable, monetary establishment reconciliations, and primary ledger work.

The Indictment alleges that she used the non-profit’s computerized accounting software program at its Philadelphia workplaces to create false expense objects for respectable distributors of DRWC, invoicing corporations that had been on no account rendered.

DiPietro-Sabatine then generated DRWC checks for these false expense objects, manipulated the computerized accounting software program to change the payee on the study from the respectable vendor to herself, and forged the signatures of DRWC’s licensed signatories, the President and Vice President, on these unauthorized checks made payable to herself, authorities acknowledged.

She is alleged to have spent the stolen proceeds on private payments, along with enjoying and splendid holidays, based mostly on authorities.

The Indictment claims that this scheme occurred for in any case seven years, ensuing throughout the theft of higher than $2.6 million from DRWC.

If convicted, DiPietro-Sabatine faces a most attainable sentence of 230 years in jail, a six-year essential minimal sentence, a $4,250,000 optimistic, and restitution of higher than $2.6 million.

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