Steel-Hauler Employee Faces 30 Years in Prison for $1.77 MILLION Scam

Newark, NJ – A former employee of a small steel-hauler has pleaded guilty to carrying out a $1.77 million bank fraud scheme that involved writing fraudulent business checks.

Late last month, Tammy L. Martinez, 46, of South Amboy pleaded guilty in U.S. District Court to one count of bank fraud stemming from her role in a more than 5-year-long scheme.

According to court documents, from January 2014 through March 2019, Martinez served as an office manager and bookkeeper for New Jersey-based D&M Steel Corporation (D&M).

 

Beginning in January of 2014, Martinez used her position at the company to issue fraudulent checks made payable to Martinez or cash and forged the signature of her manager on fraudulent company checks.

Martinez then converted the fraudulent company checks into cash at bank branches in New Jersey, resulting in more than $1.7 million in losses to the company.

Court documents reveal the yearly breakdown below:

Martinez is facing a maximum potential penalty of 30 years in prison and a $1 million fine.

Her sentencing is scheduled for February 11, 2020.

 


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