BRICK – A Township man has been sentenced to two years’ probation after admitting to stealing hundreds of thousands of dollars from his employer, officials said.
Scott Lifshitz, 60, was sentenced on May 12, where the judge noted that Lifshitz had previously paid restitution in the amount of $833,000 to the victim.
Lifshitz pleaded guilty to second degree Theft of Movable Property on February 10 following an investigation. On that date he made the restitution payment to a company representative who was present.
Lifshitz is a CPA who had previously been the Chief Financial Officer of a Matawan-based financial services technology company. He was responsible for overseeing the daily financial operations of the company and had access to all of the company’s bank accounts, police said. He wrote company checks to himself and made wire transfers of company funds into his personal accounts.
When Lifshitz was terminated from his role in September 2022, he unsuccessfully attempted to deposit two additional company checks into his personal bank accounts. However, he was already removed as an authorized signatory on the company accounts.
The founders of the company reported the theft to the Monmouth County Prosecutor’s Office shortly after Lifshitz was terminated.
Through interviews with the founders and reviewing subpoenaed bank records, MCPO Detectives confirmed the theft which occurred over a period of roughly two years from September of 2020 through September of 2022.
