Toms River man attempted to embezzle $687k from former employer

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TOMS RIVER, NJ – An investigation by the Ocean County Prosecutor’s Office Economic Crime Squad revealed that between May 22, 2021, and August 8, 2021, Karl Scheufler of Toms River attempted to negotiate three checks totaling $687,499.74 for his own benefit. These checks were drawn on an Ocean First bank account belonging to a business of which Scheufler was previously involved. Scheufler negotiated these checks knowing that he was not an authorized signor for the business account and attempted to deposit these checks into his personal account and another unrelated business account.

In 2018, the Honorable Francis R. Hodgson Jr., P.J. Ch.P., issued an order barring Scheufler from conducting business transactions on behalf of the business. The two Contempt charges are a result of Scheufler violating Judge Hodgson’s order.On August 25, 2021, an arrest warrant was executed at Scheufler’s residence in Toms River Township where detective’s apprehended Scheufler without incident.

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Scheufler was processed at the Toms River Police Department and is currently lodged in the Ocean County Jail pending a detention hearing. Prosecutor Billhimer would like to acknowledge the Ocean County Prosecutor’s Office Economic Crime Squad, Toms River Township Detective Bureau and the Toms River Township Police Department for their collaborative efforts in this investigation.