Categories: Chicago

IT Consulting Firm CFO Charged with Embezzlement

A former Chief Financial Officer of a suburban IT consulting firm is charged with federal fraud charges. He is alleged of embezzling more than $1.3 million in company funds. According to an indictment unsealed Jan. 14, 2021, in U.S. District in Chicago, Anthony Fremarek fraudulently caused funds from two of the Schaumburg-based company’s bank accounts to be used to pay his personal credit cards.

The indictment also states that Fremarek tried to cover up his illegal actions by falsifying entries in the company’s accounting system to disguise the payments as seemingly legitimate business expenses. The alleged fraud carried on for six years from 2013 to 2019. 49-year-old Fremarek of Plainfield is charged with four counts of wire fraud and two counts of making false statements to a financial institution.

Fremarek has pleaded not guilty to the charges. John R. Lausch, Jr., United States Attorney for the Northern District of Illinois; and Christopher Diiorio, Special Agent-in-Charge of the U.S. Secret Service Chicago Field Office announced the indictment. Assistant U.S. Attorney Ashley A. Chung is representing the government.

Jackson Sorbo

Managing editor of the Chicago Morning Star

Recent Posts

Illinois Voters Weigh Federal Scholarship Tax Credit

Voters in 32 Illinois counties will be asked to weigh in on an education-related advisory question during the March primary…

14 hours ago

Chicago Council Targets ICE Ties Amid Fiscal Strain

Chicago continues to face mounting financial and public safety challenges, including persistent budget deficits, growing pension obligations, population decline, and…

1 day ago

Allen’s 40 Highlights Busy Night Around the NBA

Jarrett Allen delivered a career performance Sunday night, scoring a personal-best 40 points to headline a busy slate of NBA…

4 days ago

Winter Storm Deaths Rise as Power Outages Persist

A massive winter storm moving across the eastern United States has been linked to multiple deaths, widespread power outages, and…

1 week ago

Simons Focused on Court as Celtics Host Blazers

Despite persistent trade speculation surrounding Anfernee Simons, the guard continues to make his presence felt on the floor for the…

2 weeks ago

Illinois Loses Guard Kylan Boswell to Hand Injury

Illinois will be without starting guard Kylan Boswell for several weeks after he suffered a bone fracture in his right…

3 weeks ago

This website uses cookies.