Manalapan Man Charged with Conspiracy to Commit Wire Fraud
Glen Albanese allegedly stole $1 million from his former employer through an elaborate false invoice scheme
Manalapan resident Glen W. Albanese, 41, was arrested by FBI agents Thursday and charged with conspiracy to commit wire fraud. Albanese, the former chief financial officer of the Manhattan-based brokerage firm Needham & Co., allegedly stole $1 million from his former employer through an elaborate false invoice scheme, U.S. Attorney Paul J. Fishman announced. Albanese is scheduled to appear in Newark Federal Court Thursday afternoon before U.S. Magistrate Judge Cathy L. Waldor. According to the FBI agent Kevin Bradley, who has been investigating Albanese for over two years, Albanese intentionally conspired with two other individuals to steal money from a broker through a false invoice scheme which occurred between 2000 and 2010. Several …
