Former Dynamex Employee Sentenced to 21 Months in Prison for $175k Theft

Former Dynamex branch manger admitted to stealing almost $175,000 while managing the company’s New Jersey operations and failing to disclose the stolen income to the IRS

A former branch manager for the Dynamex Corporation, which has offices in South Brunswick, was sentenced Monday to 21 months in prison for stealing almost $175,000, according to the U.S. Attorney’s Office.

Joseph R. Algoo, 39, of Monroe Township, previously pleaded guilty to charges of wire fraud and submitting false tax returns. 

According to court documents, from 1999 through November, 2009, Algoo worked as branch manager for Dynamex’s New Jersey operations, including its offices in North Bergen, Secaucus, and South Brunswick. Algoo processed and submitted delivery orders for independent drivers who made deliveries for the Dallas-based company, which provides same-day and overnight delivery services.

Algoo admitted to accessing Dynamex’s internal computer systems to make changes to delivery orders, which caused Dynamex to pay the independent drivers more than they should have, according to the U.S. Attorney's Office. Algoo would then deposit a portion of the improper payments into his personal bank accounts, according to the U.S. Attorney's Office.

Authorities said Algoo obtained $174,285 in improper payments from Dynamex during 2007 and 2008. Algoo also admitted to signing false personal Federal Income Tax Returns in 2007 and 2008, when he failed to disclose the improper payments that he received from Dynamex in those two years.

Algoo’s failure to disclose his income to the IRS resulted in a tax loss of approximately $51,487, the U.S. Attorney's Office said. In addition to the prison term, Algoo was sentenced to three years supervised release, and was ordered to pay $174,285 in restitution to Dynamex. He also must cooperate with the IRS in paying more than $100,000 that he owes the United States.

jah life September 02, 2012 at 07:51 PM
Real nigs do real things
jah life September 02, 2012 at 07:56 PM
Never saw enron ceo do time
Johanna September 22, 2012 at 12:26 AM
He pleaded guilty per his attorney. Nothing was ever proven. We have murders and rapist walking our streets and innocent people are being sent to prison. Joe, is not a thief. He's honest and hard working. It's really ashame how the justice system works.
Johanna September 22, 2012 at 12:28 AM
He's a good man with a big heart.
Jose November 30, 2012 at 11:34 PM
This man is one of the most caring person I know. I used to work for him in Dynamex. He made them what they are today. After he started his own thing, they got envious. I can never believe he stole anything. He didn't get sent away for theft..it was for tax evasion. This is really a shame what people can say and write about you. God bless Joseph Algoo. I will never forget what he did for many of us.


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