Bookkeeper used PayPal to embezzle $1.6M from employer, feds say

The former bookkeeper for a New Jersey business was indicted Thursday on charge he stole about $1.6 million from his employer over a 10-year period using a PayPal account.

Peter Goodchild, 54, of Philadelphia, is charged with money laundering, aggravated identity theft, and filing false income tax returns, the U.S. Attorney’s Office for Eastern Pennsylvania, said in a statement.

Goodchild, who worked at QwikSource, a cellular solutions company in Florham Park, opened a PayPal account in his employer’s name, authorities said. He then moved money from QwikSource’s bank account to that PayPal account and then to one belonging to his girlfriend, …read more

Source: Morris

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