Teaneck Vending Machine, Jukebox Company Owner Admits Stealing $368,783 From Pension Fund
A well-known Teaneck businessman whose vending machine and jukebox company paid five figures last year to settle a copyright infringement suit admitted Wednesday in federal court in Newark that he embezzled $368,783 from the business' employee pension fund.
Howard Preschel, 63, founded and served as the trustee for the pension fund established by CMG Vending Inc., which operated, leased, and rented vending machines throughout New Jersey and New York, U.S. Attorney Craig Carpenito said.
He began skimming the money from the fund as early as November 2010, and by April 201…
Paterson Ex-Con Convicted Of Helping Flood Bergen, Passaic, Rockland Suburbs With Heroin
A Paterson ex-con is headed to federal prison for at least 10 years after being convicted of participating in a ring that distributed heroin by the pound in Bergen, Passaic and Rockland counties.
Reinaldo “Memo” Rodriguez, 30, was part of a network that that stretched from the Bronx to Paterson and into suburban towns in all three counties, U.S. Attorney Craig Carpenito said.
He was arrested last year with a large amount of heroin, as well as a gun that, as a convicted felon, he was prohibited from having, the U.S. attorney said.
Rodriguez, also known as “Killa,” had been in federal custod…
