Glen Rock Man Charged With Money Laundering & Theft

Monday, April 14, 2025, 7:30 A.M. ET. 1 Minute Read, By Art Fletcher: Englebrook Independent News,

GLEN ROCK, NJ.- Last Wednesday, following a months-long investigation, a 50-year-old Glen Rock, New Jersey, man was taken into custody and jailed after being charged in connection with a weeks-long check-kiting scheme that defrauded financial institutions out of nearly $500,000.

     According to Bergen County Prosecutor Mark Musella, In August 2024, the Bergen County Prosecutor’s Office Financial Crimes Unit received information regarding an alleged theft scheme. Detectives launched a months-long investigation that uncovered that Evangelos Drosos, 50, of Glen Rock, New Jersey, engaged in a check-kiting scheme where Drosos wrote checks to himself from accounts under his control at several financial institutions. 

     Drosos then deposited the checks into multiple accounts at different financial institutions, knowing there were insufficient funds to cover the checks. Drosos quickly withdrew the non-existing funds, resulting in the theft of $496,788.88. The theft scheme occurred over three weeks.

Detectives Formally Charge Drosos On Wednesday

     Accordingly, at the culmination of the investigation, Drosos was taken into custody at the Bergen County Prosecutor’s Office and formally charged with one count of second-degree Theft by Deception; and second-degree Money Laundering. Drosos was processed on the charges and was remanded to the Bergen County Jail, pending future court proceedings in Bergen County Superior Court.

“The rules of the court require us to include a statement that states: The charges outlined in this publication are merely accusations, and the defendant and or defendants are presumed innocent unless and until proven guilty beyond reasonable doubt.”