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.