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Theft of $1.2M of Medical Equipment by New Jersey Men, Enter Guilty Plea

By Lependorf & Silverstein

Two New Jersey men have pleaded guilty to stealing $1.2 million in medical equipment from a hospital in New York City. A recent article claims that Joseph Stamm, 24, of Jersey City and David Schwartz, 44, of Livingston stole medical equipment from New York Presbyterian Hospital and then sold the equipment on the Internet. Federal prosecutors investigating the case claim that Stamm was employed by the hospital as an equipment specialist and used his position to steal the equipment with Schwartz. The two men admitted to netting over $300,000 between October 2006 and August 2008 through online sales of the stolen medical equipment, and their sentencing has been scheduled for August 10, 2009. Under New Jersey law, each of the men could be sentenced to a maximum of five years in prison and face steep fines...continue to full post

Full post as published by New Jersey Criminal Defense Blog on June 04, 2009 (boomark / email).