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A supervisor at a Melville-headquartered company pleaded guilty Thursday in federal court in Central Islip in connection to a $1.6 million fraud scheme, officials said.
Tony Ream, a South Carolina resident and credit supervisor at the company, had allegedly transferred the funds from the firm’s bank account to one he controlled, using the money for a failed restaurant venture, wedding expenses and luxury international travel, according to U.S. Department of Justice.
“Ream abused his authority and betrayed his employer and its customers to fund his own lavish lifestyle,” Joseph Nocella, Jr., U.S. Attorney for the Eastern District of New York, said in a news release about the guilty plea.
“In just a few years, Ream embezzled over $1.6 million and used the stolen money to pay for his wedding, luxury international travel, and for renovations to a restaurant he had opened,” Nocella added. “Ream will now be held accountable for this egregious conduct, thanks to the diligent work of our Office and our partners at the FBI.”
While the company was not named, officials described it as “ the world’s largest provider of health care solutions to office-based dental and medical practitioners worldwide.”
Ream, who joined the company in 2019, had allegedly embezzled the money from October 2020 to November 2024 by diverting funds from customer refund accounts – some inactive – into his personal accounts, disguising them as legitimate refunds. He also misled subordinates to unknowingly aid the scheme, officials said.
As part of his plea, Ream agreed to full restitution. When sentenced, he faces up to 20 years in prison.
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Adina Genn
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