Three From Monmouth Admit Bilking Defense Contractor
A former insurance agent from Monmouth County and two co-defendants await July sentencing for skimming $1,400,000 from a New York defense contractor.
Daniel Tumminia of Millstone, Michael Feuer of Freehold and Dennis Mannarino of Manalapan pleaded guilty to wire fraud conspiracy Monday in Trenton. They admitted diverting the money for six years ending in 2010.
Fastener Dimensions produces and distributes hardware for aircraft, aerospace and military purposes. Tumminia represented the company and its president for Massachusetts Mutual Life Insurance Company.
Feuer practiced law for 11 years until 2001 and alwo owned New Jersey-based Cypress Lawn Care. Mannarino operated J&D Specialty Meats storefronts in New Jersey and New York.
The trio admitted moving life insurance premiums and pension and profit sharing checks designated for Fastener Dimension employees into bank accounts they controlled.
In 2008, Feuer incorporated MassMutual Contracting Corporation, a limited liability that prosecutors say never performed any services, but was designed to deceive Fastener workers and officials into believing it was the insurance company. Feuer listed himself as the registered agent and officer of the firm he created with Tumminia.
Tumminia, Feuer and Mannarino admitted conducting 133 transactions, including interstate wire transfers, into accounts they controlled, using the money for personal expenses, ATM withdrawals, rent, cable television, utilities and groceries.
Tumminia has agreed to forfeit $1,198,278 to the United States. Feuer is forfeiting $115,963 and Mannarino forfeits $10,000.
Each faces a maximum 20 years in prison and fines of up to $250,000 or twice the gain or loss realized from the conspiracy.