Richard Guay Quoted in LIBN, “Workers Charged with Stealing Scrap Metal from Gershow Recycling”

Media Source: Long Island Business News

Richard_F_X_GuayA pair of workers embezzled more than $250,000 from Medford-based Gershow Recycling by stealing truckloads of scrap metal to sell to outside vendors, Suffolk District Attorney Tom Spota charges.

Anthony C. ‘Rocky’ Grazio, 42, a contract driver for Gershow, and Gershow clerk Shawn Fortunato, 40, were each arraigned on one charge of second-degree grand larceny. Both pleaded not guilty in Suffolk County District Court.

Grazio was released Feb. 25 on $5,000 bail, while Fortunato was released Feb. 23 on her own recognizance. They face five to 15 years in jail if convicted.

Robert Clifford, a spokesman for the DA’s office, said the alleged wrongdoing was discovered in an audit conducted by Gershow last month, the details of which were fleshed out by the company’s general counsel, Garden City-based Meyer, Suozzi, English and Klein.

Meyer Suozzi litigation partner Richard F.X. Guay, based in Manhattan, said the audit found a pattern of falsified accounting entries. He said Grazio stole truckloads filled with shredded steel intended for Gershow mills and diverted them to other customers as if the material was his own.

Guay said each truckload was worth at least $8,000, for a total of about $250,000, although the total could be much higher. He said others could be implicated in the scheme.

The investigation is ongoing, Clifford said.