Man admits he robbed financial services company of more than $1M

A New Jersey man has admitted in court that he was the leader of scheme that robbed a financial services company of more than $1 million, U.S. Attorney Philip R. Sellinger said.

Eli Schamovic, 41, of Lakewood, pleaded guilty to money laundering in U.S. District Court, prosecutors said. He owned two businesses that made fraudulent transactions using payment cards through an international financial services corporation, according to court documents.This caused the company to lose more than $1 million, authorities said.

The defendant also sent $500,000 of the proceeds between bank accounts via a wire transfer on June 27, 2018, officials said.Our journalism needs your support. Please subscribe today to

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