Anthony Gallo, 57, of Freehold Township, pleaded guilty Monday to second degree Theft before Superior Court Judge Vincent N. Falcetano, Jr. Under the terms of the plea agreement, Gallo faces a maximum term of 6 years in state prison and must pay $280,000 in restitution when he returns for sentencing before Judge Falcetano on January 19, 2018.
Gallo was charged earlier this year following an investigation that began in March 2016, after the Office’s Financial Crimes Unit received a referral from the president of the league. The president made the referral after he learned that bills for uniforms were not paid and discovered funds were missing from the league bank accounts.
Gallo admitted he stole over $400,000 from the league between 2012 and 2016 while serving as the volunteer treasurer for the organization. As treasurer, Gallo had access to the league’s operating account and wrote checks to himself, his company Beacon Financial Services, and cash totaling over $300,000. He also made numerous unauthorized ATM withdrawals from the league’s account and used league funds to pay personal expenses. Before being charged, Gallo paid back more than $119,000 into league accounts in an effort to prevent his crime from being detected.
The case is assigned to Monmouth County Assistant Prosecutor Lawrence Nelsen.
Gallo is represented by Tara Breslow, Esq., of Red Bank.