STATEN ISLAND, NY – Glenn Jakers, a Staten Island resident, was arraigned on charges related to the theft of $1.4 million from Eric Javits, Inc., an apparel company in Long Island City, Queens.
Queens District Attorney Melinda Katz announced the charges against Jakers, who served as the controller for the company. Allegations include grand larceny and criminal possession of stolen property, among other counts.
Jakers, 61, allegedly funneled the company’s funds to his personal accounts and to Kaylex Inc., which is associated with The G.O.A.T. bar on Staten Island. The thefts reportedly took place between 2015 and 2020.
Unauthorized payments, forged checks, and payroll adjustments were methods Jakers used to misappropriate funds. He spent the stolen money on luxury items, personal expenses, and funding for the bar.
If convicted, Jakers could face a sentence of up to 25 years. He is scheduled to return to court on January 22, 2024. The case is being thoroughly investigated by the Queens District Attorney’s office, with a focus on preventing such crimes against local businesses.