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Ramsey bookkeeper charged with stealing $500,000 to feed gambling habit

Photo Credit: Cliffview Pilot File Photo

YOU READ IT HERE FIRST: A Ramsey flooring company bookkeeper with a gambling habit systematically stole $500,000 over the past four years by forging the owner’s signature on checks that she noted as “Xmas Bonus,” “Med Expenses,” “Commission” and other purposes, authorities said.

Monica Arencibia, 49, of Dumont was being held on $250,000 bail in the Bergen County Jail following her arrest earlier this week.

The owner of Modern Flooring Co. Inc. on Orchard Street reported the theft on June 11, Police Chief Bryan Gurney said.

The income after large jobs didn’t match the work, the owner told police, so he reviewed bank statements from last December and found $48,000 worth of forged checks, the chief said.

He pointed to Arencibia, who was responsible for handling payroll and bills for the company, Gurney said.

Detective Brad Smith and Officer Michael Thormann found that Arencibia “would create a check through Quickbooks accounting program, assign the check to a vendor and would then issue the check in the name of ‘Monica Arencibia’ and then forge the owner’s signature, the chief said.

She cashed most of the checks at a Columbia Bank branch, Gurney said. Several were also sent to pay personal bills and debts, he said.

Most of the money, however, “was used in gambling activities at various area casinos,” Gurney said.

Arencibia is charged with money laundering, theft by deception, computer theft and forgery.

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