Port Monmouth Business Owner Charged with Stealing Benefits
Police and Secret Service allege that he stockpiled the employer's share of an IRA
Middletown police, in cooperation with the United States Secret Service, arrested and charged a township man with pilfering $17,000 of his employee’s IRA (Individual Retirement Account) fund — theft of employee benefits.
On April 12, the Middletown Police Department and the United States Secret Service arrested David Crosby, 56, of Murphy Road in the Port Monmouth section of the township, on the charge.
Crosby was the owner of Crosby Site Work and Utility Inc., a business located in Port Monmouth. The charges lodged — after a full investigation was conducted by the federal Secret Service and Middletown police — allege that Crosby purposely withheld his company’s contributions to his employee’s IRA funds.
The Middletown Police Department was contacted by the New York field office of the United States Department of Labor who informed them of the complaints they had received from employees of the business.
Detective Daniel Sullivan then conducted a joint investigation with the United States Secret Service and determined that Crosby had withheld the approximate $17,000 in contributions.
Crosby was arrested at his residence and processed and released on a summons pending a court appearance.