President of Chemical Company Steals Money to Cover Casino Debts
11 April 2006
Anthony J. Maro Sr., president of Pennsylvania's Gharda USA Inc., was recently accused of theft, theft by deception and of receiving stolen property. The 64-year-old chemical company executive apparently used the organization's debit cards to withdraw $246,434 from ATMs and wrote commission checks on his own name for as much as $207,500 to cover his stock-market losses and casino debts.
In July, 2005, company officials revealed Maro's wrongdoing and contacted police. Maro reached an agreement with his employers admitting that he misappropriated the company's money and agreeing to probation. Maro also came up with a plan to gradually restore the stolen money by the end of December, 2005.
Nevertheless, despite his promises to repay the funds he spent on casinos and the stock-exchange market, he visited ATMs and withdrew Gharda's money one several more occasions. Following Maro's breach of agreement, company lawyer contacted police once again.
According to police officials, Maro was released on $1 million unsecured bail, and was requested to surrender his passport. The authorities ordered the casino-playing schemer to stay within state borders until a preliminary hearing.
Source: Authorized Onlince Casinos News Staff
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|
