A central New Jersey husband and wife who ran a now-defunct insurance brokerage firm have pleaded guilty to their roles in a scheme to steal more than $770,000 by failing to remit insurance premiums to seven insurance companies.
Brian P. Mohen pleaded guilty to second-degree misapplication of entrusted property and two counts of third-degree failure to file an income tax return. His wife, Lisa A. Stanko-Mohen, pleaded guilty to one count of third-degree misapplication of entrusted property and two counts of third-degree failure to file an income tax return.
Under the plea agreement, prosecutors agreed to recommend that Mr. Mohen be sentenced to eight years in state prison and that Ms. Stanko-Mohen be sentenced to five years of probation. In addition, the defendants will execute consent judgments that will require them to pay a total of $660,446 in restitution and $116,451 in unpaid taxes, including interest and penalties.
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