Security company founder stole millions from NJ vault, feds say

⚠️ Federal prosecutors say millions disappeared while a South Jersey security company handled bank cash deposits. WESTVILLE — The founder of a South Jersey company that securely transported millions of dollars for banks faces decades in prison. He's charged with embezzlement by a bank agent, bank fraud, tax evasion, money laundering, and failure to pay payroll taxes. Prosecutors say millions disappeared from a bank cash vaultTwo years later, ERS contracted with a local bank to collect, transport, and deposit cash on its behalf. During that time, ERS held anywhere between $1 million and $12 million in its vault for the local bank.