A Long Island man was arrested Wednesday on felony grand larceny charges after authorities said he stole more than $172,000 from a Great Neck business where he worked as a salesman, Nassau County District Attorney Kathleen Rice said March 12.
Thomas Holt, 65, of Nesconset, is awaiting arraignment Wednesday afternoon at First District Court in Hempstead after being charged with second-degree grand larceny. If convicted of the felony offense, he could face up to 15 years in prison.
Prosecutors said Holt, who worked at the interior design and supply business for 20 years, was responsible for taking orders and payments from walk-in customers. For nearly four years –from 2008 to 2012 – he allegedly told dozens of customers that he would give them a discount if they paid him with a check written out to cash, the district attorney’s office said in a news release.
Authorities said Holt would then allegedly deliver the merchandise ordered using the store’s inventory, but never passed along the payments to his employers. Instead, prosecutors allege, he would deposit them into his personal checking account.
Officials said the company uncovered the alleged scheme while conducting a routine review of financial records. Holt was fired in October 2012 and the company refereed the case to the district attorney’s office for investigation.
“Businesses often rely on employees to be the trustworthy face of their operations. When that trust is violated, everyone – including customers, fellow employees and management – is hurt by their misconduct,” Rice said.