Waldwick Man Charged With Embezzling Nearly $410,000 From Employer
Wednesday, January 14, 2025, 9:15 A.M. ET. 2 Minute Read, By Art Fletcher: Englebrook Independent News,
MAHWAH, NJ.- On Tuesday, following a nearly three-month investigation, a 42-year-old Waldwick, New Jersey, man was taken into custody and jailed after being charged in connection with allegedly stealing over $400,000 from his former Mahwah, New Jersey, employer.
According to Bergen County Prosecutor Mark Musella, in November 2024, the Mahwah Police Department contacted Investigators of the Bergen County Prosecutor’s Office Financial Crimes Unit regarding the alleged theft of funds from a Bergen County, New Jersey, corporation.
During the ensuing investigation, Detectives of the Bergen County Prosecutor’s Office and the Mahwah Police Department determined that Jan Vincent B. Agay, 42, of Waldwick, New Jersey, a former Information and Technology Director who worked for the company, embezzled approximately $406,839.00 through a two-year theft scheme.
Detectives further uncovered that Agay used the company’s funds to purchase cryptocurrency mining hardware and virtual computing environments used for his own benefit, having no legitimate use to his employer. Detectives also uncovered that Agay concealed is embezzlement scheme by hiding these purchases among legitimate business expenses. Additionally, after the company’s security protocols flagged unauthorized mining activity, Agay created security exclusions to intentionally suppress the alerts.
Accordingly, on Tuesday, January 13, 2026, Agay was taken into custody in Waldwick, New Jersey, and formally charged with one count of second-degree Theft by Deception. He was processed on the charges and was remanded to the Bergen County Jail pending future court proceedings in Bergen County Superior Court in Hackensack, New Jersey.
“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.”
