Freehold Youth Soccer Treasurer Admits Stealing $400,000 from Kids Program

1 min read
Leather soccer ball on the field of background paper dollar bills

FREEHOLD – The former treasurer of the Freehold Soccer League pleaded guilty today to stealing over $400,000 from the volunteer organization between 2012 and 2016, announced Monmouth County Prosecutor Christopher J. Gramiccioni.

Anthony Gallo, 57, of Freehold Township, pleaded guilty Monday to second-degree Theft before Superior Court Judge Vincent N. Falcetano, Jr. Under the terms of the plea agreement, Gallo faces a maximum term of 6 years in state prison and must pay $280,000 in restitution when he returns for sentencing before Judge Falcetano on January 19, 2018.

Gallo was charged earlier this year following an investigation that began in March 2016, after the Office’s Financial Crimes Unit received a referral from the president of the league. The president made the referral after he learned that bills for uniforms were not paid and discovered funds were missing from the league bank accounts.

Gallo admitted he stole over $400,000 from the league between 2012 and 2016 while serving as the volunteer treasurer for the organization. As treasurer, Gallo had access to the league’s operating account and wrote checks to himself, his company Beacon Financial Services, and cash totaling over $300,000. He also made numerous unauthorized ATM withdrawals from the league’s account and used league funds to pay personal expenses. Before being charged, Gallo paid back more than $119,000 into league accounts in an effort to prevent his crime from being detected.

The case is assigned to Monmouth County Assistant Prosecutor Lawrence Nelsen.

Visit Shore News Network on Parler, Facebook and Twitter to comment @ShoreNewsNJ

Related News:  Man Who Ran Scout for Tanker Truck Full of 23 Illegal Aliens in Texas is Also Going to Prison
Previous Story

Thompson to visit White House Tax Reform Session

Next Story

Exclusive: Toms River School Board Document Leak Investigation Concluded

Latest from Blog