A New York CPA has been charged with stealing $1.6 million from a plastics recycling company.

Todd Newman, 49, of Carmel, N.Y., was charged with one count of grand larceny and one count of repeated failure to file a New York State personal income tax return. Between June 17, 2005 and April 15, 2008, he was charged with stealing the money from B. Schoenberg & Co., a recycler of plastics and engineering resins headquartered in Yorktown Heights, N.Y. Newman served as the secretary/treasurer for the company and was a signatory on the company’s payroll account.

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