FREEHOLD – A Shrewsbury man has been charged with embezzling more than $750,000 from the Colts Neck-based company he previously worked for, according to Acting Monmouth County Prosecutor Lori Linskey.
Mark S. Bloom, 45, has been charged with second-degree theft by unlawful taking following a joint investigation by the Monmouth County Prosecutor’s Office and the Colts Neck Police Department.
Those agencies conducted a financial analysis of D’Angelico Guitars of America, a musical instrument manufacturer headquartered on Route 537 where Linskey once worked as an accountant.
Police said that sometime in early 2020, Bloom had created a new personal PayPal account and began surreptitiously transferring funds into it from the company’s American Express business account and its PayPal business account. Using the personal PayPal account, Bloom then spent much of the more than $750,000 he embezzled on online gambling.
Assistant Prosecutor Kristen Anastos of the Prosecutor’s Office’s Financial Crimes and Public Corruption Unit has been assigned to the case.
Charges are merely accusations until proven in a court of law.