- Associated Press - Friday, November 4, 2016

TRENTON, N.J. (AP) - Authorities say a New Jersey man has been sentenced to three years in prison for embezzling millions from a company where he served as chief financial officer.

Federal prosecutors say Gomidas Garabed Hartounian was also sentenced Thursday to pay back more than $4 million. He had pleaded guilty to wire fraud and tax evasion.

Authorities say Hartounian was the CFO of an Englewood-based firm between 2007 and 2014. He was also the sole owner of MGB LLC, a company registered to his residence.

Prosecutors say Hartounian fraudulently designated MGB as a vendor in its accounting system while he was with the Englewood firm and didn’t disclose that he controlled MGB.

He also had workers for the Englewood firm issue checks to MGB for freight services that MGB supposedly had provided.

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