Prosecutor: Construction Company Supervisor Charged with $200K Payroll Theft

An area construction company supervisor has been charged with theft for allegedly retaining ghost employees on payroll after they departed the Colts Neck-based company for which he worked and pocketing nearly $200,000, Monmouth County Prosecutor Christopher J. Gramiccioni announced.

Peter McGlynn, 47, of Stanton Avenue in Elizabeth, was charged on Friday with one count of second-degree theft by unlawful taking. The charge came after a joint investigation by the Monmouth County Prosecutor’s Office and Colts Neck Police Department determined he allegedly absconded with $195,083 in fraudulent payroll checks made out to employees who no longer were employed by the construction company.

The investigation revealed McGlynn, a supervisor at the construction company, kept four former employees’ names on the payroll, including two employees fired by McGlynn, and continued to submit time sheets for them so that he could collect their checks. A forensic review of McGlynn’s personal bank accounts revealed he deposited a total of $173,163.19 in cash of unknown origin into the bank accounts.

If convicted of theft, McGlynn faces a sentence of five to 10 years in a New Jersey state prison.

— Edited press release from the Monmouth County Prosecutor’s Office