Shrewsbury, NJ man accused of embezzling $750K from Colts Neck company

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The Monmouth County Prosecutor's Office has announced charges against a Shrewsbury man for the alleged embezzling of upwards of $750,000 from his former employer.

Mark S. Bloom, 45, is charged with second-degree theft by unlawful taking, according to a release from the prosecutor's office Wednesday.

Investigators doing a financial analysis of D'Angelico Guitars of America in Colts Neck said they found that in early 2020, Bloom created a personal PayPal account. They then allege that Bloom transferred funds from multiple business accounts into his own personal one.

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Bloom was said to have spent much of the sum he allegedly pocketed on online gambling, according to the release.

The prosecutor's office said that Bloom formerly worked for D'Angelico, a musical instrument manufacturer, as an accountant.

A hearing in Monmouth County Superior Court is being scheduled.

Patrick Lavery is New Jersey 101.5's afternoon news anchor. Follow him on Twitter @plavery1015 or email patrick.lavery@townsquaremedia.com.

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Filed Under: Colts Neck, Monmouth County
Categories: New Jersey News
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